Commercial and Industrial Development Chapter 18.

Commercial and Industrial Development

Chapter 18


• Shopping Center Development– Neighborhood shopping center

• < 100,000 sq.ft.

– Community shopping center• Discount shopping center

• 100,000 - 300,000 sq.ft.

– Regional shopping center• 300,000 - 750,000 sq.ft.

– Super-regional shopping center• > 750,000 sq.ft.


• Shopping Center Development– Other center classifications• Power center (Big Box)

• Superstore (Super Target)

• Specialty center (High Dollar)

• Factory outlet center


• The Development Process– Market and feasibility analysis• Defining the trade area

– Primary trade area (1,3,5)

– Secondary trade area (20%)

• Determining the size of the market

• Analyzing the competition

• Competitive survey (Additional Development)


• Site Location– Importance of location and access (major

routes)– Possible complementary locations near other

centers (clustering)


• Office Buildings– Location of office activity (Financial Center,

Suburban Center)– Types of office projects (High-rise, Condo,

single tenant)– Classes of Office Property• Class A, Class B, Class C


• Industrial Facilities–Office Warehouse– Service Center– Flex Space–R&D Space–Distribution–Heavy Manufacturing


• Industrial Parks and Distribution Facilities– Determine the amount of existing or potential

supply – Forecast the demand for additional developed and

industrial acreage or building space in the general area

– Estimate the absorption rate during the analysis period

– Compare the competitiveness of the subject site with that of other properties


• Hotel, Motel, and Resort Developments– Source of demand (Leisure vs. Business)– Commercial hotels (Convention traffic)– Highway or airport hotels (Transient)– Resort hotels (Destination)

Commercial and Industrial Development Chapter 18.

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Transcript of Commercial and Industrial Development Chapter 18.