A regional shopping center contains a large number of satellite stores in strips with one or more major department store buildings as anchors.
Shopping center costs are for the strip buildings only and include all necessary plumbing and electrical connections to provide for the operation of the satellites, including service areas. Trade fixtures and equipment pertinent to individual tenants are not included. The costs represent group averages of a typical mix of tenants (excluding major anchor occupancies). The following are normally commensurate with the quality and type of anchors they support: The mix of general occupancies found within a center, the display or decorative storefronts, and the canopy-mansard overhang or ornamentation.
This occupancy includes both shell and tenant improvement costs. To price each separately (using two separate occupancies in two separate sections), use the following occupancies:
462 Shell, Regional Shopping Center
992 Interior Space, Regional Shopping Center
The typical tenant mixes for Regional Shopping Centers are:
|
Retail |
47% |
All general retail and specialty occupancies |
|
Discount |
19% |
Large drug, furniture, hardware, garden, etc. |
|
Food |
8% |
Market, convenience-specialty foods, delicatessen, bakery, florist, etc. |
|
Food service |
8% |
Restaurant, lounge, cafeteria, fast food outlets, etc. |
|
Commercial |
4% |
Office, financial, medical, post office, etc. |
|
Personal services |
3% |
Laundry, barber, beauty, repair shops, health clubs, etc. |
|
Recreational |
4% |
Theater, bowling, skating, clubhouse, day care, etc. |
|
Miscellaneous |
7% |
Storage and center service areas (office, security, etc.) including non-public access ways and restrooms |
For the regional shopping center anchors, use the following occupancies:
700 Mall Anchor Department Store
For the mall concourse area, use the following mall components:
Availability of Elevators by Area for this occupancy: Yes
Marshall Valuation Service sections: 13 and 43
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Class |
|
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Quality |
A |
B |
C |
D |
H |
M |
P |
S |
W |
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Low |
50 |
50 |
50 |
45 |
-- |
-- |
-- |
45 |
-- |
|
Average |
50 |
50 |
50 |
45 |
-- |
-- |
-- |
45 |
-- |
|
Good |
55 |
55 |
55 |
50 |
-- |
-- |
-- |
50 |
-- |
|
Excellent |
55 |
55 |
55 |
50 |
-- |
-- |
-- |
50 |
-- |
Class A (Fireproof Structural Steel Frame): and Class B (Reinforced Concrete Frame):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Good |
Brick, concrete, or metal and glass, good displays |
Good partitions, acoustic ceilings, terrazzo, carpet, vinyl tile |
Good lighting and outlets, adequate employees’ restrooms |
Warm and cool air (zoned) |
|
Excellent |
Stone, face brick, best metal and glass, staggered display fronts |
Best plaster and drywall, ornamental ceilings, paneling, carpet, hardwood |
Special lighting, many good outlets, plumbing and restrooms |
Hot and chilled water (zoned) |
Class C (Masonry Bearing Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Average |
Steel columns, web or bar joists, brick, block, tilt-up, adequate fronts |
Acoustic ceilings, vinyl composition, some carpet and masonry partitions |
Adequate lighting & plumbing, minimum service facilities |
Package A.C. |
|
Good |
Steel frame, brick, best block, stucco, good displays |
Good partitions, acoustic ceilings, terrazzo, carpet, vinyl tile |
Good lighting and outlets, adequate employees’ restrooms |
Warm and cool air (zoned) |
|
Excellent |
Face brick, stone, staggered setbacks, fine display fronts |
Plaster/drywall, ornamental ceilings, paneling, ceramic, carpet, hardwood |
Special lighting and outlets, good plumbing and restrooms |
Hot and chilled water (zoned) |
Class D (Wood or Steel Framed Exterior Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Average |
Wood frame or steel columns, masonry trim, adequate fronts |
Plaster or drywall, acoustic tile, vinyl composition, some carpet and trim |
Adequate lighting & plumbing, minimum service facilities |
Package A.C. |
|
Good |
Steel or glulam frame, best stucco or siding, good display fronts |
Good partitions, acoustic ceilings, terrazzo, carpet, vinyl tile |
Good lighting and outlets, adequate employees’ restrooms |
Warm and cool air (zoned) |
|
Excellent |
Brick veneer, EIFS, staggered setbacks, fine display fronts |
Plaster/drywall, ornamental ceilings, paneling, ceramic, carpet, hardwood |
Special lighting and outlets, good plumbing and restrooms |
Hot and chilled water (zoned) |
Class S (Metal Frame and Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
|
Average |
Sandwich panels, metal and glass, good ornamentation, displays |
Good acoustic tile, vinyl composition, some carpet and masonry partitions |
Adequate lighting & plumbing, minimum service facilities |
Package A.C. |