This occupancy, together with occupancy 992 (Interior Space, Regional Shopping Center), allows you to individually price the shell and the tenant improvement costs for a regional shopping center (in separate sections of the report). This provides an alternative to occupancy 414 (Regional Shopping Center), which includes both the shell and tenant improvement costs.
A regional shopping center shell contains a large number of unfinished satellite store spaces in strips with one or more major department store buildings as anchors.
Shopping center costs are for the strip shell buildings only and include only the necessary rough plumbing and electrical connections to provide for the operation of the satellites, including service areas, but excluding storefronts and the public pedestrian concourse.
You can add interior retail space build-out (tenant improvement) costs using occupancy 992, Interior Space, Regional Shopping Center (which you must enter in a different section).
For the regional shopping center anchors, use the appropriate occupancies (e.g., 318 for department store, 319 for discount store, etc.).
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 |
-- |
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Average |
50 |
50 |
50 |
45 |
-- |
-- |
-- |
45 |
-- |
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Good |
55 |
55 |
55 |
50 |
-- |
-- |
-- |
50 |
-- |
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Excellent |
55 |
55 |
55 |
50 |
-- |
-- |
-- |
50 |
-- |
In addition to being an aid in selecting a building’s quality, the following indicates what is included in the base shell cost. Note that HVAC costs have been included in the total with the finished build-out space in occupancy 992 (Interior Space, Regional Shopping Center). You can allocate a prorated amount back to the shell cost if needed by selecting the appropriate HVAC component and entering a percentage of the total floor area, typically 30% to 50%.
Class A (Fireproof Structural Steel Frame): and Class B (Reinforced Concrete Frame):
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Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Good |
Exterior brick, concrete, or metal and glass, no display fronts |
Bare retail, typical center office finish, service corridors, delivery court |
Rough electrical and plumbing, service area finish, elevators |
None |
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Excellent |
Exterior stone, face brick, best metal and glass, no display fronts |
Bare retail, typical center office finish, service corridors, delivery court |
Rough electrical and plumbing, service area finish, elevators |
None |
Class C (Masonry Bearing Walls):
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Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Steel columns, web or bar joists, brick, block, tilt-up, no display fronts |
Bare retail space, plain center, service-delivery space finish |
Rough electrical and plumbing, service area finish, elevators |
None |
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Good |
Steel frame, exterior brick, best block, stucco finish, no display fronts |
Bare retail, typical center office finish, service corridors, delivery court |
Rough electrical and plumbing, service area finish, elevators |
None |
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Excellent |
Exterior face brick, stone, no display fronts |
Bare retail, typical center office finish, service corridors, delivery court |
Rough electrical and plumbing, service area finish, elevators |
None |
Class D (Wood or Steel Framed Exterior Walls):
|
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Wood frame or steel columns, stucco or siding, masonry trim, no display fronts |
Bare retail space, plain center, service-delivery space finish |
Rough electrical and plumbing, service area finish, elevators |
None |
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Good |
Steel or glulam frame, best stucco, EIFS or siding, no display fronts |
Bare retail, typical center office finish, service corridors, delivery court |
Rough electrical and plumbing, service area finish, elevators |
None |
Class S (Metal Frame and Walls):
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Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
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Average |
Sandwich panels, metal and glass, good trim, no display fronts |
Bare retail space, plain center, service-delivery space finish |
Rough electrical and plumbing, service area finish, elevators |
None |