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Strip malls and retail parks often range in size from 5,000 square feet (460 m 2) to over 100,000 square feet (9,300 m 2). In the International Council of Shopping Centers (ICSC) classification of shopping centers , U.S. and Canadian strip malls may fit the definition of:
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet (190,000 m 2) of retail space (gross leasable area). The list is based on the latest self-reported figures from the mall management websites, which are also reported on each mall's individual wiki page. #
The International Council of Shopping Centers, based in New York City, classifies two types of shopping centers as malls: regional malls and super regional malls.A regional mall, per the International Council of Shopping Centers, is a shopping mall with 400,000 sq ft (37,000 m 2) to 800,000 sq ft (74,000 m 2) gross leasable area with at least two anchor stores. [8]
Neighborhood strip malls are emerging as a surprising opportunity in commercial real estate, attracting major investors like Blackstone.
Source: Michael Rivera, via Wikimedia Commons. That means it can take a harder line when negotiating new leases in a supply constrained market.
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 typical layout with an anchor store (here a Tesco hypermarket ) and large-format retailers, surrounding customer parking and traffic access
On average, top-tier malls were more than 95% leased last year, while space in lower-tier malls in less-affluent regions were about 89% leased. ... In 2020, shuttering stores spurred predictions ...
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]