Retail commercial real estate refers to properties that are utilized by businesses selling goods and services to the general public or end consumers. It can be categorized into single tenant properties and multi-tenant properties. Single tenant properties are occupied by a single business, such as fast food restaurants or drug stores. Multi-tenant properties include strip malls, neighborhood shopping centers, and regional malls, which offer a diverse range of tenants and amenities. Regional malls are the largest and aim to serve a larger geographical area, offering a comprehensive shopping, dining, and entertainment experience.
Takeaways
1. Retail commercial real estate involves properties used by businesses that sell goods and services to the general public.
2. Single tenant properties are occupied by a single business, while multi-tenant properties have multiple tenants.
3. Strip malls are long, narrow complexes with storefronts and convenient parking spaces.
4. Neighborhood shopping centers are larger retail complexes designed to serve the needs of a specific community.
5. Regional malls are large shopping centers that aim to serve a larger geographical area and offer a comprehensive shopping, dining, and entertainment experience.
Chapters
00:00 - Overview of Retail Commercial Real Estate
01:27 - Single Tenant Properties in Retail
04:17 - Different Types of Multi-Tenant Properties
05:13 - Regional Malls: The Largest Retail Properties
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