With retail chains closing at a record pace, empty spaces are piling up at some malls. With Toys R Us and Bon-Ton going out of business entirely while perennial anchor tenants Macy's has closed hundreds of locations and Sears appears to be at risk of closing entirely, mall owners are finding themselves looking for clever ways to fill openings. Add in the fact that interior mall retailers including Claire's, Gymboree, Rue 21, Payless, and countless others have declared bankruptcy , and you have a crisis for mall owners that's not going to be solved by more retailers coming along. Instead, if malls want to remain viable, their owners have to turn to something other than stores to fill open spaces. That has started to happen and the result is a transformation for some malls from shopping centers to something new entirely. Gyms do better when they are in high-traffic areas.
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Shopping Centers – Retail Space For Lease
Beresford Strip Mall
Oklahoma City currently features 38 retail spaces for lease with asking rents from 0. View each property in Oklahoma City and let us know which buildings you would like to review in-depth. Our agent can then schedule building tours and once a site is selected, negotiate a competitive lease agreement on your behalf. Our nationwide commercial real estate services are provided at no charge to you.
7 Standard Retail Spaces in a Transforming Industry
The retail real estate industry has been in the news a lot recently, with the traditional tenant mix evolving and entrenched shopping habits transforming. The anchor s of a shopping center, both malls and open-air facilities, are the largest tenants in retail assets, meant to draw the majority of the traffic to the property by feeding shoppers to neighboring smaller stores. In community centers, an anchor could be a grocery store, gym, or drug store.
Evaluating startup costs can be difficult for new retailers. If several of the steps to planning a business requires you to have a retail business license , how will you obtain the necessary information to determine whether or not your retailing business plan is a viable one? The bottom line is many of the figures for the business plan will need to be estimated. Likewise, if you're planning to seek a loan from the bank for your retail business. The bank wants to see that you've taken into consideration the costs of doing business and will want a fairly accurate picture of what your costs are going to be.