Classification of commercial real estate





Classification, types, types of commercial real estate in Ukraine: office, warehouse, commercial
 

By type of buildings and features of its space-planning decisions:
  • Built-attached premises
  • Buildings
  • Commercial Buildings (facilities, which include several buildings)


According to the types and characteristics of the device:
  • Store-warehouse (a landscaped area, sheds, warehouses)
  • Shop (residential building or part thereof, with a plot)
  • Hall (equipped with a structure having a trading floor and room for storage of goods)
  • Kiosk (equipped with commercial equipment room)
  • Tent (unsteady, collapsible structure)


As assortment of goods sold and the size of trade area:
  • Department store
  • Supermarket
  • Grocery


Given product specialization:
  • Mixed (Merchants of both food and non-food)
  • Universal (implementing a universal range of food and consumer goods - supermarket, department store, etc.)
  • Combined (implements several commodity groups, united by common demand)
  • Specialty (selling a product to a commodity group)
  • Niche (realizing the goods of the commodity group - for example, one brand name)


The size and orientation:
  • Hypermarkets / Supermarkets
  • Great food and nonfood stores
  • Average food and nonfood stores
  • Small food and nonfood stores


Retail
Shopping center - a collection of enterprises of trade, services, catering and entertainment, selected in accordance with the concept and implementing its activities in specially designed building (or building complex), located in the professional management and maintained as a single functional unit.

Classification shopping
All types of shopping centers serve different customers' needs and are classified depending on the size of the center, location and tenants / retailers that are present in them. Often, when determining the type of shopping center are taken into account and a group of consumers or target customers. Presented on the classification of shopping centers has been developed Urban Land Institute.

Convenience Center. Neighbourhood shopping center carry out the sale of consumer goods (food, medicines, etc.) and personal services (in which there is a daily need for buyers adjoining commercial area). They consist of a minimum of three stores, total gross leasable area (GLA) which is typically 2,800 square meters. and can vary from 1500 to 3000 square meters. The main operator (anchor) in most cases is a mini-market. Trade zone - the territory of 5-10 minute walk, and the number of customers - up to 10 000 people. Examples of such centers can serve as the former Soviet stores, large food and consumer goods stores, reduce the area of the main trade and passed the area of the tenant (drugstore, laundry, video, household goods, photo services, etc.).

Neighborhood Center. The regional centers offer FMCG (food, medicines, household goods, etc.) and services (laundry, dry cleaning, hairdressing, shoe repair, for example) to meet the daily needs of residents. Anchor tenant, is usually a supermarket, a mini-anchor can be a pharmacy, hardware store. Concomitant tenants are clothing stores, shoes, accessories, cosmetics, sporting goods, etc. The total leasable area of data TC, mainly of 5600 square meters. In practice can vary from 3000 to 10,000 square meters. Primary Trade Area of the district shopping center includes from 3000 to 40 000 people living in the 5-10 minute drive on a personal or public transport.

Community Center. The District shopping center offers a wide range of goods and services, with a large selection of soft goods (men, women, children, sportswear) and "hard" (metal products, electrical tools, household appliances). For this category of shopping center is characterized by deeper and wider range of price range than in regional shopping centers. Many centers are built around children's department stores (junior department store), discount, department stores, large pharmacy (drug store), department stores, selling a variety of goods, often at reduced prices (variety store). Although the District Shopping Centre has a full line department store, he may be strong specialty shops. The typical size of rental space - 14,000 square meters., But it can take anywhere from 9500 to 47000 square meters. Primary Trade Area for the Regional Shopping Centre is located within 10-20 minutes of transport availability, customers are between 40 000 to 150 000 people.

Super community center. Centers corresponding to the general profile of the district center, but with an area of over 23,000 square meters. Classified as supercommunity. In exceptional cases, the area reaches 90,000 square meters. As a result, the District Shopping Centre - the most difficult category of shopping centers to assess their size and service area.

Regional Center. Regional centers provide customers a wide choice of goods (clothing, furniture, household goods, etc.), various kinds of services, as well as places of rest and entertainment. They are built around 1-2 full line department stores, the area is usually not less than 5000 square meters. Typical for this category of the total rental area of 45,000 square meters., In practice it varies from 23 000 to 85 000 square meters. Regional centers provide services specific to business districts, but less diverse than in the super regional shopping center. Trading area for regional shopping center is located within 30-40 minutes of transport availability, the number of visitors center - 150,000 people or more.

Super Regional Center. Offers a wide selection of goods (clothing, furniture, home, etc.), services, recreation and entertainment. Are built around 3 or more stores area not less than 7000 square meters. each. Such a center is often a total rental area of 93,000 square meters. In practice, the area varies between 50 000 and can exceed 150 000 square meters. Trade Area for the super-shopping center can be up to 1.5 hour drive, and the number of consumers - 300,000 or more people.

Special center. There are many variants of these major categories, which can combine the specialized word, that is, a subtype of other, more or less traditional shopping centers. Specialty malls - these are shopping malls that are very different or do not meet the requirements specified in the previous categories. For example, a district shopping center, which has a group of specialized food stores (grocery, butcher shop, vegetables / fruits, wine department) may be called a specialized regional center.

Specialty shopping centers are often divided by topics:
  • Entertainment (Entertainment)
  • Trade and Entertainment (Retail-Enertainment)
  • Discount (Off-price)
  • Household (Home improvment)
  • Strip Center (Strip Center)
  • History (Historic)
  • Megamall (Megamall)
  • Lifestyle (Lifestyle)

Also identify several types:

Speciality Shopping Center. This mall is a major anchor store audio, video and home appliances, household goods, furniture, etc. Shop Accessories primary specialization shopping center and other complementary range of basic operator, are associated.

Festival Center - the anchor is a collection of entertainment and catering, trading enterprises (shops, souvenirs and perfumes, clothing, shoes, accessories, gifts and jewelry). Located generally in the cultural and historical places of the city's central square.

Fashion center - Retail fashion, usually located in the heart of the city and often occupy the first (1 to 3) above in the retail and office center. Can be self-TC. The main tenants of these shops are female clothing, men's clothing, shoes, shopping for the whole family and specialty shops, representing certain brands.

Outlet Center - in data centers carry trade enterprises - manufacturers of clothing and footwear, household appliances and electronics, building materials, garden tools and machinery, tools, etc. In an accompanying tenants are usually the service station, gas stations and other services. May be located in bedrooms and remote areas of the city.

Power Center - it stores, resulting from Super Community Center and have the following characteristics: area of 25 thousand square meters. At least one large anchor tenant (such as department stores or home goods with a total area of 10 thousand . sq.m.), as co-tenants can serve car wash, gas stations and other services; four or more anchor tenants of small area of 2 thousand square meters. each, several small shops, in the amount of holding up to 1 thousand square meters. or 10-15% of the total retail space. Typically, these shopping centers are scattered buildings, combined in a single complex, the configuration resembles the letter «I» or "K". Also in its composition may be present discounted-store, trade center directories, etc. Situated Power centers, in most cases, in the sleeping areas and on the outskirts of the city near the motorways.

Off-price Center. In this shopping center anchor stores, discounters are food, clothing and footwear, household goods, appliances, etc. Accompanying tenant there. Such centers in our country there. Assortment of shop-discounter does not exceed 600-1000 items. One of the basic conditions of existence discounter - network trade with many shops in the network of at least 40 (in international practice). In general, discounters are located in the bedroom and remote areas of the city.

Retail-Enertainment center. In the present mall anchor stores are clothing and footwear, entertainment center and restaurants. Gift shop, accessories, business services act as attendant.

Strip centers. Strip Center provides a linear configuration and, as a rule, is a building L, U-shaped, or a number of shops with separate entrance and are independent. In other words, strip-center does not have anchors and a single control, which leads to a mixed set of tenants and to a situation where such an object does not fall under the definition of the shopping center. The tenants of these shopping centers are grocery stores, dry goods, farm shops, business services, etc. Strip centers are located mainly near the exits of the subway, in the field of intensive pedestrian flows.

Company specialists Silver Sky Development has developed its own customized for Ukraine classification of retail real estate with a broader list of criteria for classifying a given object to the appropriate class.


Class "А"

Criterion

Requirements for an object of this class

Format Object

Shopping Centre, Shopping and Entertainment Center, Megamall. Large Format objects with well-developed infrastructure and the fun part

Price category

Very high

Region Location

Predominantly large sleeping areas, or central area, the historic center

Location in the array

A large housing estate (often large sleeping areas). The building is located on the first line, with good visibility

Transport accessibility

Location near major highways, high-capacity, with easy access to the object. Additional requirements also is available buyers do not have personal transport

Number of storeys

Determined individually for the planned area to commercial real estate

Planning decision

Availability of good navigation facility - large continuous hallways, elevators, escalators. Visibility of outlets from the main through-seats

Konstruktiv

Capital construction

Parking

Secure parking in compliance with standard 1 m / m to 50 sq.

Architecture

Modern architecture, new

Finish

The external finish is dominated by glass, plastic, interior - plastic, glass, natural materials

Public catering

Food court, food court

Entertainment component

Entertainment Complex

Product specialization

Mixed

Main consumers

Elite secured by the middle class (income level - "high", "average +")

The presence of anchor tenants

Several major international operators

Availability of storage space

Availability of warehouse space for the primary stock of goods must

Ventilation and air

Continued support of the microclimate

Management

Professional management company (experience of 3 years, leading at least 4-5 sites with an average area of not less than 3,000 sq.m.)

Protection and exploitation 

Own security and maintenance 


Class "В"

Criterion

Requirements for an object of this class

Format Object

Shopping centers, hypermarkets, shopping malls. Inconsistency in the class "A" on the scale of the project, its infrastructure

Price category

High / Mid

Region Location

Predominantly large sleeping areas

Location in the array

The average residential area (located on the second or third place in terms of population, elite buildings). Located on the first line, with limited reviewing opportunities (eg: due to the adjacent buildings), or on the second line near to vyskoprohodimymi objects

Transport accessibility

Transport accessibility from all other areas of the city (no change, if not their own transport), with convenient transport connections with other areas. Located near the transport routes with an average cross-country. Inconsistency in Class "A" for convenience entrance or because of difficult access in peak hours

Number of storeys

Determined individually for the area to commercial real estate

Planning decision

Availability of good navigation facility - large continuous hallways, elevators, escalators. Visibility of outlets from the main through-seats

Konstruktiv

Capital construction

Parking

Secure parking in compliance with standard 1 m / m to 70 sq. Guarded parking, without complying with standards of class "A"

Architecture

Modern architecture, new or high-quality reconstruction

Finish

The external finish is dominated by glass, plastic, interior - plastic, glass, natural materials

Public catering

Food-court, or a well-known operator in the local market catering establishments

Entertainment component

Multiplex

Product specialization

Mixed

Main consumers

The main segment of consumers - with an income of "average", "average +"

The presence of anchor tenants

One major international operator in conjunction with local or regional operators

Availability of storage space

Availability of warehouse space for the primary stock of goods must

Ventilation and air

Permanent air conditioning

Management

Professional management company (experience of 3 years, leading at least 4-5 sites with an average area of not less than 3,000 sq.m.)

Protection and exploitation 

Customer service and protection to outsource 


Class "С"

Criterion

Requirements for an object of this class

Format Object

Most of all - the supermarket. The main criterion of conformity of the object class "C" - a separate building with an area of over 2000 sq.m.

Price category

Average

Region Location

Any

Location in the array

Small residential area (4, 5 place on the population), remote from major residential areas. Located on the first line or the second. Less - Located on the first / second tench in the elite residential area. Sightseeing opportunities are limited because of the low-rise facility

Transport accessibility

Located near busy roads, access is difficult or not, among the main consumers dominate pedestrians

Number of storeys

Determined individually for the area to commercial real estate

Planning decision

Planned klientopotok, but there is no appearance of commercial premises within the greater part of the retail space

Konstruktiv

The reconstructed building is a destination; built

Parking

Not guarded parking lot. Perhaps the presence of convenient approach

Architecture

Qualitative reconstruction

Finish

High quality cosmetic repairs

Public catering

Cafe, bar

Entertainment component

Playroom / Playground

Product specialization

All kinds of food or non-food (from mass to elite)

Main consumers

Middle class

The presence of anchor tenants

-

Availability of storage space

Availability of warehouse space for the primary stock of goods must

Ventilation and air

Cooling inlet air

Management

The management company does not have the experience necessary to work with the objects of a higher class, or leading, only one project

Protection and exploitation 

Customer service and safety remains at the discretion of each tenant 


Class "D"

Criterion

Requirements for an object of this class

Format Object

A separate building with small areas of 1 200 sq.m. up to 2,000 square meters, on the territory of which represented a highly specialized group of products

Price category

Medium / Low

Region Location

Any

Location in the array

Small housing estate or industrial zone. Location on the second line, sightseeing opportunities available. Possible location near the stop shuttle transport

Transport accessibility

Location close to residential homes, access is difficult, the main consumer - local residents and pedestrians

Number of storeys

Determined individually for the area to commercial real estate

Planning decision

Claims not filed

Konstruktiv

The reconstructed building is a destination; built

Parking

Parking there is no staircase difficult

Architecture

Qualitative reconstruction

Finish

Minimum Refurbishment

Public catering

-

Entertainment component

-

Product specialization

Several types of goods

Main consumers

Casual passers-by, locals. The majority of consumers - with an income of "average" and "Medium -"

The presence of anchor tenants

-

Availability of storage space

Not necessarily

Ventilation and air

Only heating

Management

Management is carried out by the owner

Protection and exploitation 

Customer service and safety remains at the discretion of each tenant 


Class "E"

Criterion

Requirements for an object of this class

Format Object

A small object, most often - Pavilion (often capital construction)

Price category

Low

Region Location

Sleeping areas, areas far from major shopping malls

Location in the array

Small housing estate or industrial zone

Transport accessibility

Location near the stop shuttle transportation, or the second line. Low pedestrian permeability, low traffic, inconvenient access

Number of storeys

Determined individually for the area to commercial real estate

Planning decision

Claims not filed

Konstruktiv

Non-capital construction

Parking

Parking there is no staircase difficult

Architecture

Required Reconstruction

Finish

Requires repair

Public catering

-

Entertainment component

-

Product specialization

Several types of goods, or specialization

Main consumers

Casual passers-by, locals. The majority of consumers - with an income of "average" and "Medium -"

The presence of anchor tenants

-

Availability of storage space

-

Ventilation and air

-

Management

Management is carried out by the owner

Protection and exploitation 


Class "F"

Criterion

Requirements for an object of this class

Format Object

A small object, most often - Pavilion (often capital construction)

Price category

Very low

Region Location

Sleeping areas, areas far from major shopping malls

Location in the array

Small housing estate or industrial zone

Transport accessibility

Location on the second line, travel is difficult

Number of storeys

Determined individually for the area to commercial real estate

Planning decision

Claims not filed

Konstruktiv

Non-capital construction

Parking

Parking there is no staircase difficult

Architecture

Required Reconstruction

Finish

Requires repair

Public catering

-

Entertainment component

-

Product specialization

Narrow specialization

Main consumers

Casual passers-by, locals. The majority of consumers - with an income of "average", "Average -" and "low"

The presence of anchor tenants

-

Availability of storage space

-

Ventilation and air

-

Management

Claims not filed

Protection and exploitation 

 

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