Final answer:
Shopping centers are categorized based on factors such as size, tenant mix, location, and target market. When analyzing a shopping center property, factors such as location, tenant mix, market demand, competition, and property condition are taken into account.
Step-by-step explanation:
Shopping centers are categorized based on various factors such as size, tenant mix, location, and target market. They can be classified into several categories including regional malls, community centers, neighborhood centers, and power centers.
When analyzing a shopping center property, you would take into account factors such as the location and accessibility, the tenant mix, the market demand, the competition in the area, the visibility and signage of the center, and the overall condition and maintenance of the property.
For example, a regional mall would typically have a wide range of anchor stores and specialty retailers, while a neighborhood center may have a grocery store and a few smaller shops.