I'm having a bit of difficulty visualizing retail properties because I don't understand how their square footage translates into units.
About how many tenants would you expect to see in a 10,000 foot strip center?
Thanks
In the strip centers we own the units vary from 800 square feet to 2600 square feet. So a 10000 sq foot center should have about 5-7 units. I always thought the ideal unit would be 1200-1500 square feet. It seems to me these units rent more quickly than a 2500 square foot unit. However, if you are looking for national tenants, then I think the units should be sized 2500-5000 square feet. I hope this helps!
If possible design the units so you can combine them, e.g. two 1,500 sq ft would make one 3,000 sq ft for a larger tenant if necessary.
certain markets want smaller suites.
A nail salon doesn't need 2000'
[ Edited by cjmazur on Date 04/24/2008 ]
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