A group of retail and other commercial establishments that is planned, developed, owned, and managed as a single property; on-site parking provided; size and orientation generally determined by the market characteristics of the trade area served by the center; the two main configurations are malls and open-air strip centers.
Global Definitions Database
Shopping Center
Source: NCREIF | Date: 09 September 2025 | ID: D1467 | Version: 1