Retail leasing and strip mall leasing encompasses a variety of configurations, depending on the zoning, shopping demand of the area and physical constraints of the property. Strip Malls typically provide shoppers with a service oriented, convenience type of shopping environment. The majority of the consumers for this type of configuration are from the immediate area. Strip Malls typically incorporate 6 to 15 retail stores, with a gross leasable area of 5,000 to 20,000 sq/ft. Due to this, there are many opportunities to jump on strip mall leasing and retail leasing.
Strip Mall Design
Strip Malls are designed as an "open air" strip of stores without an enclosed walkway or indoor mall area. Due to the smaller land area of these developments-traffic access, parking availability and placement are critical to long term viability. Retailers in strip malls can be Generative or Suscipient. A recent trend is to have smaller national's play an anchor role. The expanding e-commerce merchandise environment has required strip malls to place a greater emphasis on food/personal services, and National chain stores. The belief and trend shows that when people are in a place where food is available, they will spend more time and money at that place. We have years of strip mall management and can provide you with all the necessary information about that endeavor.
There are many components to consider when leasing property within a strip mall, so make sure you are properly informed about all the matters. Don't leave anything to chance and put your dealings in the hands of the experts at Prime Realty Corp. We have a staff of workers with years of experience in the industry and can help you make the best decisions for your business when you are attempting to lease out new clients in your strip mall. Retail leasing is a much bigger undertaking than other leasing options. Make sure you are well informed about these areas.
Years of Retail Leasing Experience
Our passion for satisfying all our client's needs have helped us become one of the most recognizable names in residential and commercial property management. Call Prime Commercial today, at 1-844-774-6388 to discuss how we can maximize the value of your strip mall, retail leasing and selling opportunities. If you have retail space for lease, please contact us today. We will help you with any questions or concerns you may have at the moment.