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A strip mall, strip center, strip plaza or simply plaza is a type of shopping center common in North America and Australia where the stores are arranged in a row, with a footpath in front. Strip malls are typically developed as a unit and have large parking lots in front.
Aerial view of the Financial District in Downtown Toronto Main Street in Chesterton, Indiana. Commercial areas, commercial districts or commercial zones in a city are areas, districts, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers.
The term "mall" is used for those types of centers in some markets beyond North America such as India [42] and the United Arab Emirates. [43] In other developing countries such as Namibia and Zambia, "Mall" is found in the names of many small centers that qualify as neighborhood shopping centers or strip malls according to the ICSC. [44]
Investors are seeing new value in the strip mall. A lack of supply and an uptick in in-person neighborhood shopping has increased their value. One commercial real estate investor called the ...
Source: Flickr / Bogdan Migulski. There are few new grocery-anchored shopping malls being built today, and the construction horizon seems just as bleak. Is the community shopping center a dying ...
Strip malls: Open-air centers under 30,000 square feet (2,800 m 2) are generally considered strip malls. [12] Kingsway West Retail Park in Dundee, Scotland – a ...
Long-suffering retail—strip malls, shopping centers, dead malls and their cousins—could be converted into hundreds of thousands of new apartments nationwide, with just a bit of work.
The center is usually configured in a straight line as a strip, or may be laid out in an L or U shape, depending on the site and design." [ 2 ] Power centers : Even larger centers of 250,000 to 600,000 square feet (23,000 to 56,000 m 2 ) are considered power centers , typically anchored by category-killer big box stores (e.g. Best Buy ) incl ...