A traditional retail location along a main road, as opposed to a mall.
Related terms
- Occupancy cost ratio (OCR)
A retail tenant's total occupancy cost (rent plus service charge) as a percentage of its sales; landlords watch it to judge whether a rent is affordable and su…
- Omnichannel
A retail model integrating physical stores, e-commerce, app, and click-and-collect into one seamless customer journey; increasingly central to mall leasing pit…
- Percentage rent
Additional rent a tenant pays as a percentage of sales above an agreed breakpoint, on top of base rent; it lets landlords share in a store's upside while guara…
- Retail gravity model
A method borrowed from physics that predicts how much trade a centre draws from surrounding areas based on its size and distance from shoppers; used to size ca…
- Retail park
An out-of-town cluster of large-format stores with shared surface parking, usually occupied by bulky-goods and value retailers; lower rent and easier logistics…
- Sales density
Retail sales per unit of floor area, a measure of a centre productivity.
- Tenant mix
The combination of retailers in a centre, tuned to its catchment and positioning.
- Trade area
The geographic zone from which a retail centre draws the bulk of its customers.