Find in the news:
BY COUNTRY

Landlords Turning To Small Business Tenants



The strength and attractiveness of a shopping mall could be directly tied to the size of the retailers or restaurant chains they were attracting as tenants.
By extension, properties that attracted little more than so-called ‘mom and pop’ tenants were viewed as outclassed and behind the times. As CNBC reports, the drastically changing retail landscape and resulting shift in consumer habits has led to that way of thinking being completely turned upside down. 

Landlords are increasingly turning back to small businesses as a way to fill up space. And it’s working. We’re not just talking smaller centers in remote locations either, we’re talking some major pieces of real estate in bustling metro areas. For example, Colliers International had a choice to make when 4,000 square feet opened up at Town Center Corte Madera, which is located near San Francisco. They did their homework and noticed that small business revenues were increasing, and decided to split the space in two. One half of the space was leased to a local restaurant, and Colliers couldn’t be more pleased with the results. 

“They're performing far stronger than a restaurant tenant that we have there in 5,000 square feet that's national," according to Anjee Solanki, Colliers national director of retail services. 
Colliers is far from the only landlord to recognize the small business segment as a potential solution to growing concerns over how to fill space. Kimco, the open-air shopping center giant, has even started a program geared towards attracting those very tenants. The company offers small businesses free rent for one year and a reduction in property charges, a pilot program they started in California and have since expanded to 19 other states.  

CBL & Associates is on board with this line of thinking as well, and has been offering a short-term lease program geared towards small business owners. The company owns both open-air centers and enclosed malls across the U.S., and has also taken this thinking a step further to what today’s consumer is looking for. Experience-based tenants, or those that offer activities as opposed to goods or services, are clearly on the company’s radar. Today’s consumer has shown a preference for activities that engage them, as well as merchandise that they simply can’t find anywhere else – even online. 
"They're (shoppers) not going to find that tenant anywhere else, and that's ultimately what you're looking for," explains industry expert Jesse Tron. 

Related shopping malls and stores:

More about shopping malls in the USA



TODAY, Hong Kong:
The opening of the North Face flagship in Hong Kong is the first tangible sign of a market recovery in the country.
YESTERDAY, USA:
The new store opens on the grounds of The Grove mall in Los Angeles.
DAY BEFORE YESTERDAY, Sweden:
In Elmhurst, Sweden, a man named Bengt has returned IKEA furniture that was manufactured almost 60 years ago.
DAY BEFORE YESTERDAY, USA:
On Thanksgiving, the U.S. retail foot traffic dropped more than 90 percent.
Nov 28, 2021, Philippines:
The new five-story IKEA store is located in Pasay, an urbanized suburb of Manila.
Nov 28, 2021, Australia:
The virtual site was created so that customers could "touch" and explore the brand's products.
Friend
and Follow
FAN Mallorca Shopping GLA:592 015 SF
ADDRESS: C/ Cardenal Rossel, S/N. 07007 Palma de Mallorca
Spain . Palma
FAN Mallorca Shopping
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us