About Strip Mall Plans & Commercial Building Floor Plans...
How to Lease a Retail Space
Simply enter this promotional code when placing your order: 06H A co-tenancy clause is a clause which allows you to break your lease should a major tenant that drives business to you in the same multi-tenant building move. Still, Class A malls, which typically boast luxury retailers and cater to affluent consumers, accounted for the majority of the improvement, Reis said. That translated into lower demand for space at strip malls, where the recovery has been shallow. This article has multiple issues.
Strip Mall Plans & Commercial Building Plans â The House Plan Shop
Vanderbilt University Medical Center found a solution to their expansion woes by taking over the entire second floor of a struggling mall in Nashville, Tennessee. Photo Credits shopping mall with stalls image by Heng kong Chen from Fotolia. Accessed 10 December All measurements including square footage and acreage should be independently verified by the buyer. These stores offer a wide variety of products and therefore appeal to a broader audience, thus driving more traffic.
This article is about the shopping centers. Calculations are estimated and do not include taxes and insurance. Easy access in and out of the parking area to the main road is critical. One way to repurpose such space is to transform the buildings into hub offices or call centers like Google and HP have done in the past. Investors with a sizable chunk of cash could see a strong return on investment should they overhaul abandoned retail space into large, luxurious resorts. A landlord may not wish to lower base rent because it could lower the value future tenants are willing to pay, but they may still be willing to give you a discount via free rent periods.