Neighborhood Shopping Center

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Reis Glossary

Use this tool to find CRE related terms, and their corresponding definitions, as they are used in our reports.

Neighborhood Shopping Center

Definition:
A shopping complex constructed around a supermarket and/or drug store as the only anchor tenant(s). It provides for the sale of convenience goods and personal services for the dayto- day living needs of the immediate neighborhood. The gross leaseable area typically ranges from 30,000 square feet to 150,000 square feet.