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The International Council of Shopping Centers, based in New York City, classifies two types of shopping centers as malls: regional malls and superregional malls.A regional mall, per the International Council of Shopping Centers, is a shopping mall with 400,000 sq ft (37,000 m 2) to 800,000 sq ft (74,000 m 2) gross leasable area with at least two anchor stores.
Interior of the Galerie Vivienne in Paris, by Francois Jean Delannoy, 1823-1826 [2] A shopping center ( American English ), shopping centre ( Commonwealth English ), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. [3] The first known collections of ...
The International Council of Shopping Centers, doing business as ICSC, is the global trade association of what it calls the "Marketplaces Industry" (i.e., shopping centers, shopping malls, and all other retail real estate). Founded in 1957, it features more than 70,000 members in over 100 countries, including shopping center owners, developers ...
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping.
Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
A power center [1] [2] or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically 250,000 to 600,000 square feet (23,000 to 56,000 m 2) of gross leasable area [2] that usually contains three or more big box anchor tenants and various smaller retailers, [1] where the ...
A neighborhood shopping center ( Commonwealth English: neighbourhood shopping centre) is an industry term in the United States for a shopping center with 30,000 to 125,000 square feet (2,800 to 11,600 m 2) of gross leasable area, typically anchored by a supermarket and/or large drugstore. [2]