Retail centers can take many forms. They begin at small single tenant or
owner occupied units, and progress to neighborhood shopping centers,
followed by community shopping centers and then regional centers.
Other types would include regional shopping malls and then on up to super
regional shopping centers.
There are several other types of shopping centers such as lifestyle, power,
outlet, etc.
If you plan on building a shopping center, you will want to know how long it
will take to lease the property up and what the rent rate will be. We can
provide market and feasibility studies in addition to appraising the property.
Building a shopping center with multiple tenants can be a pretty risky
investment. The risk can be significantly reduced by having a market study
and fundamental demand analysis performed by a qualified real estate
appraiser. The appraiser collects information about existing retail centers
that compete with the proposed shopping center, any shopping centers
currently under construction and shopping centers that have been approved
by government authority but have not begun construction. This information
is coupled with existing population and growth patterns and analyzed in the
market study based on expenditures per square Foot of retail space.
These facts let the appraiser determine if the current population can absorb
another shopping center or if future growth will allow the absorption in the
future.
owner occupied units, and progress to neighborhood shopping centers,
followed by community shopping centers and then regional centers.
Other types would include regional shopping malls and then on up to super
regional shopping centers.
There are several other types of shopping centers such as lifestyle, power,
outlet, etc.
If you plan on building a shopping center, you will want to know how long it
will take to lease the property up and what the rent rate will be. We can
provide market and feasibility studies in addition to appraising the property.
Building a shopping center with multiple tenants can be a pretty risky
investment. The risk can be significantly reduced by having a market study
and fundamental demand analysis performed by a qualified real estate
appraiser. The appraiser collects information about existing retail centers
that compete with the proposed shopping center, any shopping centers
currently under construction and shopping centers that have been approved
by government authority but have not begun construction. This information
is coupled with existing population and growth patterns and analyzed in the
market study based on expenditures per square Foot of retail space.
These facts let the appraiser determine if the current population can absorb
another shopping center or if future growth will allow the absorption in the
future.
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_American
__Appraisers
___Corporation
__Appraisers
___Corporation
(502) 267-6320 Office
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
(502) 267-6344 Fax
10507 Watterson Tr., 2nd Flr
Louisville, KY. 40299
Nationwide real estate appraisal service
