DOCSLIB.ORG

Shopping Mall in a State of Change

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Shopping Mall in a State of Change 01 | 2011 Movements in architecture 01 | 2011 Shopping Malls pulse The new dimension of light. Busch-iceLight®. Shopping Mall in a Illuminating. The first flush-mounted box with light for a feeling of well-being. state of change The new Busch-iceLight® designed by renowned architect Hadi Teherani. Suitable for switches and socket outlets. Discover more atmosphere at by Atelier Plötzl www.BUSCH-JAEGER.com Urban revitalization – interview with Hadi Teherani Busch-Jaeger Elektro GmbH The future of shopping Central sales service: Phone: +49 180 5 669900 Fax: +49 180 5 669909 Networking and energy optimization E-mail: [email protected] at the Westside shopping complex (0.14 €/min. from the German landline but different costs from abroad, please check it locally) » Editorial Since the modernization of the Glatt Center in Zurich, Switzerland, designing shopping malls has become a core competence for Andreas Ramseier. To the point: Modern shopping worlds pulse in conversation with Andreas Ramseier, Ramseier Associates Would you say that for a long time architects Things are developing in two directions: First- Malls are returning to the city, because they failed to recognize the opportunities inherent ly, there is the Asian model – very high quality can offer considerable benefits here. For in designing shopping malls? malls with excellent materials. Then there are instance, having an adjoining car park or a Well, architects are snobs in a way, and it the malls which are easy to alter and are inex- nursery can be very attractive for young fami- sounds really brilliant when you say you are pensive to build. An example of the latter lies, say, and provide security. presently working, for example, on the design would be the shopping mall we developed at for a fascinating museum. For a long time, the AFG Arena in St. Gallen. With just a few Is sustainable building a realistic goal given shopping malls were looked down on as infe- alternations – say a new floor – you can create the energy requirements of a large shopping rior projects. Then along came Daniel Liebes- a totally different setting. mall? kind, who set about designing Westside in Today, you can build a shopping center in an Berne, Switzerland, and suddenly the archi- Might the future lie in flexibility? extremely sustainable manner. First of all you tects were all thinking: "Wow, just look at the Yes, previously stores had a lifespan of 12 have a closed building shell and no windows, opportunities such complexes offer us! You years, then it was ten, now it is just six. If a which means that you can achieve first-class can also be very creative with a shopping mall is built smartly and intelligently you can insulation values around the building. Using mall." respond quickly and alter it. LED technology you can keep the energy con- sumption for lighting low, and simultaneous- Looking to the future: Consumers are chan- For a while shopping malls moved out of the ly you can install heat recovery systems. As ging. How do you think what is expected of a city centers and to the outskirts, but now such, if you build a new center or radically shopping mall will also change? architects are busy designing malls for modernize an existing one it can certainly be downtown settings. very energy efficient. 02 pulse 01 | 2011 Commerce and change – the revitalization of the urban space > p. 4 Snow and palm trees – the Mall of the Emirates > p. 14 Metamorphosis of a discount store > p. 20 Between Soho and souk > p. 24 Glitz and glamor > p. 28 "Commerce is at the heart of the idea of the city" > p. 32 Corian, a construction material with a future > p. 38 04 Macro 28 Visions Commerce and change Glitz, glamor, gigantonomy By Wilhelm Klauser 32 Visit 10 Micro Interview with Hadi Teherani, Westside – successful networking BRT Architekten, Hamburg By Pierre Schoeffel 38 Material 14 In practice I Ippolito Fleitz group on Corian Snow and palm trees – the many faces 40 News of the Mall of the Emirates in Dubai Product innovations from 20 In practice II ABB/Busch-Jaeger PlusCity – a discount store becomes a mall 42 Food for thought 24 In practice III The competition question for this issue The Avenues – between Soho und souk 43 Imprint Cover illustration: Werner Krug Picture editing: Raphael Pohland / stilradar 03 » Macro Urban entertainment: At the Beijing shopping mall “Mosai”, customers glide between the levels on reflective escalators. Keiichiro Sako upgraded a for- mer abandoned construction site with an exciting new shopping mall. Commerce and change For a long time architectural issues played no role in the construction of shopping malls. Then Rem Koolhaas stepped onto the scene and paved the way for inviting, aesthetically pleasing sales complexes that addres- sed consumers' increased expectations and helped make certain that shopping could become a leisure-time activity. With the revitalization of the urban space further innovations are emerging in mall and store design. By Wilhelm Klauser "Take 40 hectares of a suitable, level plot. And surround it mind. For subsequent malls were organized as a setting with 500,000 consumers who have no other commercial for chain-stores, for stores that in very similar settings institutions at their disposal," wrote Victor Gruen, the always offered the same range of goods. The organization man generally considered to be the inventor of the shop- behind retailing had formulated such clear conditions in ping mall back in 1963. In his cynical sounding recipe for 1960 that this architectural type emerged as the basis for a success, Gruen advises establishing "the best retailers of new business model . The stores were of a standard size, high-quality goods at low prices" in the area available. had standard fittings and standard ranges. Within a few Then you garnish the whole thing with 10,000 parking decades malls sprang up like mushrooms and the success- spaces and ensure the mall can be reached via excellent ful model spread incredibly quickly – and that included to highways with little traffic. Finally, you decorate the who- locations in other continents. The design requirements le thing with bushes, a herbaceous border and a small were minimal, the profit expectations high. Against this sculpture and serve it hot to the customer." In 1956, the background architecture swiftly took a back seat and the first shopping mall that bore Victor Gruen's signature ope- planners retreated. They were no longer required. Parking ned in Southdale, in the town of Edina, Minnesota. Victor lots dominated where previously it was buildings, land- Gruen construed the mall as a new center, as public space. marks were replaced by billboards. All architects could do There were to be other things: a theater, exhibition rooms, was to confirm and analyze the situation. In 1972, Denise cafés. Gruen dreamt of a European city in the prairies, Scott Brown and Robert Venturi published a manifesto which was how he saw the United States. For him the mall which very clearly reflects the mixed feelings evoked in was the urban space for a landscape that did not know architects by an environment over which they have no any other urban center. And what then happened was that influence whatsoever. "Learning from Las Vegas" describes he was totally misinterpreted. True, the idea of the mall as a city that is devoted solely to commerce and in which the Gruen had conceived it was quick to catch on – but in a mall celebrates its triumph: The "decorated shed" had Sako architects completely different guise from what its inventor had in become standard. What emerged was a counter reality, 05 Patrick Bingham-Hall which would perhaps in future lend the architect a diffe- who thanks to the efficient means of transport could reach The Iluma Shopping Center in Singapore attracts visitors rent role; at the time he was still damned to looking on. these places easily. In Shibuya, in Shinjuku or in Yokohama with its “diamond façade.” vibrant, bustling centers emerged. They were strange Inside, WOHA impresses with Shopping as a leisure activity cities in which a strict division between public space and a 40-meter-high atrium (above). In 2001, Rem Koolhaas entered the fray and in his book private enterprise was no longer possible and in which At the MyZeil Center in Frank- furt, Fuksas went for a no less "The Harvard Guide to Shopping" presented commercial new store spaces and ranges constantly appeared. When extraordinary, swirling light architecture as an interdisciplinary task in which style, the third-largest commercial district in France was created funnel (right). design, product development, technology, marketing and in Lille, it was none other than Rem Koolhaas who propo- financial constructions all came together. Koolhaas proved sed in addition to a new, trans-European express train hub once again to have a truly great sense of timing, as com- an enormous shopping mall. It was realized 1994 by Jean merce was gradually realizing that things could not conti- Nouvel and lent the place a magnetic attraction that a con- nue as they were. Customers were no longer prepared to glomeration of office areas would not have managed to do. squeeze themselves into premises where they felt uncom- Shopping had emerged as a kind of leisure activity, as a fortable. Sales areas in the open countryside lost their pursuit that could trigger something big in a city. Subse- appeal – a disastrous development for the retail trade. As quently, architects and real-estate developers drew on the population numbers in the industrialized nations were momentum offered by places of transition and brought it stagnating and a further upward trend in purchasing to bear in ever larger concepts, building hybrid spaces in power was unlikely, other ways had to be found to ensure which diverse functions could be combined.
Load more

Recommended publications
  • The Impact of Architectural Design of Shopping Malls on Consumer Behaviours: Bilgehan Yılmaz Çakmak* a Case of Konya Cihangir Yılmaz**
    ICONARP International Journal of Architecture & Planning Received 22 October 2017; Accepted 12 April 2018 Volume 6, Issue 1, pp: 142-157/Published 25 June 2018 Research Article DOI: 10.15320/ICONARP.2018.42–E-ISSN: 2147-9380 ICONARP The Impact of Architectural Design of Shopping Malls on Consumer Behaviours: Bilgehan Yılmaz Çakmak* A Case of Konya Cihangir Yılmaz** Abstract Subject of consumer behaviours has been critical importance for Keywords: Shopping malls, architectural business platform and related disciplines from past to present. Being design, consumer preferences, consumer behaviors. able to understand consumer behaviour and identify strategies in this direction have become the most important condition for survival in *Asst Prof. Dr. Faculty of Architecture, Konya competitive conditions. Many researchers produce new studies in order Selcuk University, Konya, Turkey. E-mail: [email protected] to understand and direct consumer behaviours more accurately. In time, Orcid ID: http://orcid.org/0000-0003-4199- researchers have elaborated these studies and have begun to link 0648 various disciplines such as law, economics, geography, architecture with ** MA, Social Sciences Institute consumer behaviour. In this study, it is aimed to determine the Business Education, Production Management relationship between consumption concept and architectural discipline. and Marketing Science E-mail: [email protected] Design criteria that increase and decrease consumption preference and Orcid ID: http://orcid.org/0000-0001-5228- quantity have been investigated by determining the extent to which the 3864 interior and exterior architecture affected the consumption habits. Method: In this study, based on the literature, a conceptual survey of the daily shopping malls has been conducted from past to present.
    [Show full text]
  • Inland Port Shopping Center 1408 Tallahassee Hwy Bainbridge, GA 39819 Lat 30.887, Long -84.567
    Inland Port Shopping Center 1408 Tallahassee Hwy Bainbridge, GA 39819 Lat 30.887, Long -84.567 PROPERTY HIGHLIGHTS Most national tenants of any center in DEMOGRAPHICS Bainbridge Market. In front of the only Wal-mart and next to the 1-Mile 3-Mile 5-Mile only Home Depot in Bainbridge. Radius Radius Radius Located on the intersection of Hwy 27 and Hwy 2017 Population 3,988 13,616 16,713 84, the most heavily traveled intersection in the 2022 Population 3,925 13,339 16,388 region. 2017 Average HH Income $50,964 $49,107 $49,399 Phase II - up to approximately 20,000 SF new 2017 Median HH Income $31,677 $31,157 $32,915 development Space can be sub-divided down to 1,600 SF Combined Traffic (2017): 23,040 CPD For a complete directory of our listings visit our website: Leasing Contact: www.crossmanco.com Sherri Mann No warranty expressed or implied has been made to the accuracy of the 404.514.3517 information provided herein, no liability assumed for error omission Licensed Real Estate Broker [email protected] Inland Port Shopping Center 1408 Tallahassee Hwy Bainbridge, GA 39819 Lat 30.887, Long -84.567 SITE PLAN STE TENANT SIZE A San Marcos Mexican Restaurant 4,000 OP5 B-C AVAILABLE 3,600 A B-C D E F G H I J K L M N D AT&T 1,600 E Little Caesar's 1,600 F Pet Sense 5,200 G Cato 3,900 H AVAILABLE 3,200 I Rent A Center 4,000 Phase II J Beef O' Brady 3,200 K Premier Vapors 1,600 Spaces can be OP3 sub-divided down L GameStop 1,600 T to 1,600 SF E E R M Sky Nails 1,600 T S N Cricket Wireless 2,400 E IC L OP 1 AVAILABLE +/- 33,600 SF A .
    [Show full text]
  • Second Cup Recognise That University, the Avenues Mall Al Rai, Aliya Hospital Mahboula, Khaldiya 4 Kuwait University
    disciplined design and concept allow for modest Boys PAAET University, Hawally Boys PAAET customisation to reflect the local culture and University, Shuwaikh Girls PAAET University, tastes of the host community that it serves. Al Bahar Center Hawally, Khaldiya 3 Kuwait Second Cup recognise that University, The Avenues Mall Al Rai, Aliya Hospital Mahboula, Khaldiya 4 Kuwait University. Second Cup International signed contract to open Café’s in Romania and Morocco this year. PrOMOTION Second Cup’s coffee is fairly traded. They pledge that their coffee growing environment is treated with the utmost respect and dignity. their customers All of their coffee producers provide a safe and are exclusive to Second Cup. They healthy work environment and employees are MARKET HISTORY travel the world looking for the best of the compensated in a fair and equitable manner. Second Cup has expanded globally in Second Cup started in specialty coffee best…from the lush mountains of Costa Second Cup provides financial remuneration eighteen countries, establishing itself retailing in Toronto, Canada in 1975 and Rica and Colombia, to the for quality beans to directly benefit the farmers, as Canada’s largest specialty coffee since then have grown their offerings distant lands of Central workers and mills. franchised retailer. Their reputation to better serve their Second Cup café Africa, to the exotic convenience In addition, Second Cup is one of the longest and brand recognition continue guests. Over the past 38 years Second and enchanting island of and comfort are key drivers standing Canadian partners and donors to The to expand globally with an intense Cup has expanded globally and their Sumatra.
    [Show full text]
  • Oak Brook Shopping Center Edmond Rd (2Nd Street) and Santa Fe, Edmond OK 73034
    Retail For Lease Oak Brook Shopping Center Edmond Rd (2nd Street) and Santa Fe, Edmond OK 73034 Oak Brook Shopping Center Building SF: 86, 711 SF Available Space: 973 SF min div | 8,645 SF max contig Price: $9.50 - $14.50 NNN Intersection Count: 43,506 cars per day Highlights: Pop-ups increase visibility. • Available spaces have elevated pop-ups giving tenant building signage increased visibility. Signage on the center’s large, lighted marquee also available. • Popular Hidalgo’s restaurant brings daytime and nighttime traffic to the center. • Traffic generator Planet Fitness anchors the center with 24 hour a day, 7 day a week service for local residents. • Neighborhood income numbers outperform statewide averages by 39%. • Center sits along the northeast corner of Santa Fe and Edmond Road, the direct route home for many of Edmond’s most affluent neighborhoods. Planet Fitness and Hidalgo’s generate daytime and nighttime traffic. • Locally owned; locally managed. Call Grant Stewart today at 405.842.0100 [email protected] | wigginprop.com This material is provided for information purposes only. It is from sources believed to be reliable. However, Wiggin Properties makes no warranties or representations, expressed or implied, as to the accuracy or sufficiency of the information. It is presented subject to errors, omissions, changes or withdrawal without notice. Square footage is provided by the local County Assessor or the Owner. Photos and graphics with copyrights by Costar, Google, Wiggin Properties and independent contractors are
    [Show full text]
  • NBK Annual Report 2020 3 1 Strategic Review
    Maintaining Course Annual Report 2020 Maintaining Course HH Sheikh HH Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah Mishal Al-Ahmad Al-Jaber Al-Sabah Emir of the State of Kuwait Crown Prince of the State of Kuwait At a glance 97,996 57,722 4 96,524 54,584 Continents 51,124 90,447 7,179 2018 2019 2020 2018 2019 2020 Global Employees Total Assets (USD million) Loans, Advances and Islamic Financing (USD million) 56,403 1.72% 10,575 10,463 52,533 NPL Ratio 9,724 47,449 7.0% Return on Average 2018 2019 2020 2018 2019 2020 Equity Total Equity (USD million) Customer Deposits (USD million) 1,323 2,953 98.0 1,222 2,913 USD Billion Total 812 2,778 Assets 18.4% 2018 2019 2020 2018 2019 2020 Capital Adequacy Ratio Net Profit Attributable Net Operating Income (USD million) to Shareholders (USD million) About NBK Founded in Kuwait City in 1952, the Ownership 1. Consumer and private banking National Bank of Kuwait S.A.K.P. (‘NBK’ 2. Corporate banking or the ‘Bank’) is the country’s longest- Established by a group of leading Kuwaiti 3. Islamic banking (through subsidiary serving local bank – and the first merchants, NBK has retained its core Boubyan Bank) shareholding company in Kuwait and the shareholder base since inception. Its 4. Investment banking and asset Gulf Cooperation Council (‘GCC’). Over shares have been listed on the Kuwait management (through subsidiary NBK 68 years, NBK has established itself as Stock Exchange since 1984, with a Capital) Kuwait’s leading financial institution, single shareholder (the Public Institution extending its franchise across the Middle for Social Security) owning more than East and beyond, to global markets.
    [Show full text]
  • Villa West Shopping Center 2727 SW Wanamaker Rd, Topeka, KS 66614
    Villa West Shopping Center 2727 SW Wanamaker Rd, Topeka, KS 66614 Paul Baker Christie Development Associates, LLC 7387 W 162nd St,Stilwell, KS 660859140 [email protected] (913) 649-4500 Villa West Shopping Center Rent Not Disclosed Rental Rate: Rent Not Disclosed Total Space Available: 17,461 SF Max. Contiguous: 14,190 SF Property Type: Shopping Center Center Type: Neighborhood Center Stores: 15 Center Properties: 2 Gross Leasable Area: 87,238 SF Walk Score ®: 59 (Somewhat Walkable) Transit Score ®: 21 (Minimal Transit) Rental Rate Mo: Negotiable 1st Floor Ste 100 Space Available 1,940 SF Renovations planned for 2018/2019 Rental Rate Not Disclosed 1 Date Available Immediate Service Type Negotiable Space Type Relet Space Use Retail Lease Term 3 - 10 Years Ste 2827 Space Available 4,534 SF Renovations planned for 2018/2019 Rental Rate Not Disclosed Contiguous Area 14,190 SF 2 Date Available Immediate Service Type Negotiable Space Type Relet Space Use Retail Lease Term 3 - 10 Years Ste 2829 Space Available 9,656 SF Renovations planned for 2018/2019 Rental Rate Not Disclosed Contiguous Area 14,190 SF 3 Date Available Immediate Service Type Negotiable Space Type Relet Space Use Retail Lease Term 3 - 10 Years 1st Floor Ste 6028 Space Available 626 SF Renovations planned for 2018/2019 Rental Rate Not Disclosed Contiguous Area 1,331 SF 4 Date Available Immediate Service Type Negotiable Space Type Relet Space Use Retail Lease Term 3 - 10 Years 1st Floor Ste 6032 Space Available 705 SF Renovations planned for 2018/2019 Rental Rate Not Disclosed
    [Show full text]
  • ECS Listings.Pdf
    SEPTEMBER 2021 Affordable and Low-Income Housing Opportunities for Seniors and Adults with Disabilities SAN FRANCISCO Please be advised that this list is only updated once a month. For the most up to date listings in San Francisco, be sure to sign up for DAHLIA e-mail alerts at housing.sfgov.org. You can also find a list of websites for Bay Area housing providers on the last page of this resource – many offer notifications for housing opportunities beyond San Francisco. PROPERTY TYPE OF UNITS / RENT ELIGIBILITY ACCESSIBILITY / AMENITIES HOW TO APPLY? 280 Fell St 1-BR: $2,267/mo Minimum income: Access: Elevator on all floor UNITS AVAILABLE 280 Fell Street (& Gough St.) 2-BR: $2,667/mo 1-BR: $4,534/mo San Francisco, CA 94102 2-BR: $5,334/mo Amenities: On-site laundry, bike Apply online via DAHLIA. room, courtyard outside *Inclusionary BMR Gough/Fell Associates program (No age Maximum income: Parking: Underground parking Application Deadline: Leasing Agent: (916) 686-4126 requirement) 1 person: $7,770/mo available at $175/mo September 3, 2021 [email protected] 2 persons: $8,879/mo at 5:00 PM *Housing Choice 3 persons: $9,991/mo Pets: Service animals only Vouchers considered 4 persons: $11,100/mo Utilities: Contact site As of 8/31/2021 Page 1 SEPTEMBER 2021 Affordable and Low-Income Housing Opportunities for Seniors and Adults with Disabilities SAN FRANCISCO The Civic 2-BR: $1,649/mo Minimum income: Access: 1 elevator located in UNIT AVAILABLE 101 Polk Street (& Hayes St.) 2-BR: $3,298/mo common area of apartment building San Francisco, CA 94102 *Inclusionary BMR Apply online via DAHLIA.
    [Show full text]
  • 600-658 N Addison Rd
    Floor SF Avail Rent/SF/Yr Term Occupancy Bld Out Use/Type Leasing Company Contact Listed Divisible 600-658 N Addison Rd - Villa Park, IL 60181 Bern Realty, LLC Drew Krisco (708) 771-7600 Villa Plaza 18,000 SF Retail Freestanding (Strip Center) Building Renovated in 2007 Built in 1978 - Building Notes: - P 1st 1,850 $15.00-$20.00/n Negotiable Vacant As-Is Retail/D Bern Realty, LLC Drew Krisco (708) 771-7600 10 Mths N 629-631 N Addison Rd - Villa Park, IL 60181 GC Realty & Development Brad Bullington (630) 674-6989 5,500 SF Retail Freestanding Building Built in 1955 - Building Notes: - P 1st / Suite 631 3,000 $9.20/mg 2 yrs Vacant Retail/D GC Realty & Development Brad Bullington (630) 674-6989 27 Mths N $2,300 per month / mg 344 N Ardmore Ave - Villa Park, IL 60181 NRC Realty & Capital Advisors, LLC Ian Walker (800) 747-3342 2,400 SF Retail Convenience Store Building Built in 1980 - Building Notes: - E 1st 2,400 Withheld Negotiable Negotiable Retail/D NRC Realty & Capital Advisors, LLC Ian Walker (800) 747-3342 21 Mths N 3/2/2016 Copyrighted report licensed to DuPageBiz/DuPage County - 252641. Page 1 Floor SF Avail Rent/SF/Yr Term Occupancy Bld Out Use/Type Leasing Company Contact Listed Divisible 10 E Central Blvd - Villa Park, IL 60181 William Scavone William Scavone (630) 751-7157 12,018 SF Retail Storefront Retail/Office Building Built in 1956 - Building Notes: - P GRND 6,000 $10.00/+util 3-5 yrs Vacant Some Work Off/Ret/D William Scavone William Scavone (630) 751-7157 27 Mths N Tenant responsible for utilities.
    [Show full text]
  • From Town Center to Shopping Center: the Reconfiguration of Community Marketplaces in Postwar America
    From Town Center to Shopping Center: The Reconfiguration of Community Marketplaces in Postwar America The Harvard community has made this article openly available. Please share how this access benefits you. Your story matters Citation Cohen, Lizabeth. 1996. From town center to shopping center: The reconfiguration of community marketplaces in postwar America. American Historical Review 101(4): 1050-1081. Published Version doi:10.2307/2169634 Citable link http://nrs.harvard.edu/urn-3:HUL.InstRepos:4699748 Terms of Use This article was downloaded from Harvard University’s DASH repository, and is made available under the terms and conditions applicable to Other Posted Material, as set forth at http:// nrs.harvard.edu/urn-3:HUL.InstRepos:dash.current.terms-of- use#LAA AHR Forum From Town Center to Shopping Center: The Reconfiguration of Community Marketplaces in Postwar America LIZABETH COHEN WHEN THE EDITORS OF TIMEMAGAZINE set out to tell readers in an early January 1965 cover story why the American economy had flourished during the previous year, they explained it in terms that had become the conventional wisdom of postwar America. The most prosperous twelve months ever, capping the country's fourth straight year of economic expansion, were attributable to the American consumer, "who continued spending as if there were no tomorrow." According to Time's economics lesson, consumers, business, and government "created a nonvicious circle: spending created more production, production created wealth, wealth created more spending." In this simplified Keynesian model of economic growth, "the consumer is the key to our economy." As R. H. Macy's board chair Jack Straus explained to Time's readers, "When the country has a recession, it suffers not so much from problems of production as from problems of consumption." And in prosperous times like today, "Our economy keeps growing because our ability to consume is endless.
    [Show full text]
  • Commercial Real Estate Terms and Definitions
    Commercial Real Estate Terms and Definitions Maria Sicola CEO, Integrity Data Solutions, LLC © 2017 NAIOP Research Foundation There are many ways to give to the Foundation and support projects and initiatives that advance the commercial real estate industry. If you would like to contribute to the Foundation, please contact Bennett Gray, vice president, National Forums and NAIOP Research Foundation, at 703-904-7100, ext. 168, or [email protected]. Requests for funding should be submitted to [email protected]. For additional information, please contact Margarita Foster, vice president, Knowledge and Research, NAIOP, 2201 Cooperative Way, Herndon, VA 20171, at 703-904-7100, ext. 117, or [email protected]. Commercial Real Estate Terms and Definitions Prepared for and funded by NAIOP and the NAIOP Research Foundation By Maria Sicola CEO, Integrity Data Solutions, LLC San Francisco, California March 2017 About NAIOP NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners, and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises some 18,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org. About the NAIOP Research Foundation The NAIOP Research Foundation was established in 2000 as a 501(c)(3) organization to support the work of individuals and organizations engaged in real estate development, investment, and operations. The Foundation’s core purpose is to provide these individuals and organizations with the highest level of research information on how real properties, especially office, industrial, and mixed-use properties, impact and benefit communities throughout North America.
    [Show full text]
  • Impact of Shopping Malls on Apartment Prices: the Case of Stockholm
    NJSR Special Series Vol. 5 Malmö Real Estate Research Conference 2020 Nordic Journal of Surveying and Real Estate Research Special Series, Vol. 5 (2020) 29–48 submitted 3 June 2020 revised 13 July 2020 revised 2 September accepted 8 September 2020 Impact of Shopping Malls on Apartment Prices: the Case of Stockholm Runfeng Long and Mats Wilhelmsson Division of Real Estate Economics and Finance KTH Royal Institute of Technology, Sweden Contact: [email protected] Abstract. The number of shopping malls, as an important type of commercial facility, is growing dramatically. They have gradually become one of the most dominant factors that can influence people’s daily lives as well as a city’s economic development. The willingness to pay for dwellings is also primarily associated with the surrounding commercial layout. Hence, it is of interest to apply a quantitative perspective to further investigate the relationship between shopping malls and housing prices. This study aims to analyse how the prices of condominiums are affected by proximity to shopping malls. Two aspects are considered and examined in the empirical research, namely proximity to a shopping mall and the number of shopping malls within a one-kilometre radius. We try to determine if there is any price premium for those apartments near a shopping mall or with more shopping malls in the neighbourhood. In this empirical study, 39 shopping malls in different locations in the county of Stockholm, Sweden, are utilised. The sample of transactions consists of more than 300,000 apartments. By using the traditional hedonic expansion model, the results show that there is an inverse relationship between apartment prices and distance to a shopping mall.
    [Show full text]
  • MARKETBEAT Denver, Colorado Retail Q2 2019
    MARKETBEAT Denver, Colorado Retail Q2 2019 DENVER RETAIL Economic Overview Denver was ranked by US News & World Report as the National Economic Indicators second-best place to live in the country during the second 12-Month Q2 2018 Q2 2019 Forecast quarter 2019 and is consistently named among the strongest economies in the nation. The Denver metro added 28,000 GDP Growth 2.9% 2.6% new nonfarm jobs during the fi rst half of the year according to CPI Growth 2.7% 1.8% the Metro Denver EDC; a strong fi gure, but a slowdown Consumer Spending Growth 4.7% 4.5% compared to the 41,000 jobs added during the same period of Retail Sales Growth 5.6% 3.3% 2018. Despite slowing job growth, Denver unemployment closed the second quarter 2019 at 3.3%, a fi gure that Q2 2019 data are based on latest available data. Growth rates are yea-over-year Forecast by Cushman & Wakefi eld continues to outpace the national average of 3.6%. Considering the several billion dollars invested in major active Regional Economic Indicators 12-Month and pending infrastructure projects, a booming construction Q2 2018 Q2 2019 Forecast pipeline, and investors continuing to trade properties at a Household Income $79,500 $81,900 rapid pace, the future remains bright for the Denver economy as the premier location in the Rocky Mountain region. Population Growth (YOY) 1.4% 1.4% Unemployment 3.0% 3.3% Retail Market Overview Source: BLS, BOC, Moody’s Analytics Vacancy in retail product across the Denver metro area remained relatively fl at during the second quarter 2019, Market Indicators (Overall, All Classes) closing at 6.5% on an overall basis.
    [Show full text]