Residential and commercial real estate have certain aspects in common. As you have heard many times in real estate, one of the most important factors for valuation purposes is location, location, and location. In this Assignment you apply this concept to a purchase decision.
Write a 2-3 page APA paper in which:
You are considering building a shopping center near your local marketplace. Describe the factors that would influence your building decision and why with regard to the type of center, size of center, and tenant selection.
Checklist:
The different types of centers that can be constructed
Size of the land needed for each
Define the trade area for each
Discuss the competition already in the market
Tenant selection