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Real Estate vocabulary · Commercial Real Estate

Anchor tenant

Meaning in real estate, with examples

nounAdvanced term

In real estate, anchor tenant means: A large, well-known tenant, such as a supermarket or department store, that draws visitors to a shopping centre and helps attract smaller tenants.

In Turkish: lokomotif kiracı, ana kiracı, çapa kiracı

How it is used

Used in retail and mixed-use development. Developers sign anchor tenants early, often at lower rents per square metre, because they make the rest of the space easier to lease. Losing an anchor can hurt the whole centre.

Example sentences

  1. The new supermarket will be the anchor tenant of the shopping centre.

  2. Since the anchor tenant left, footfall has dropped by a third.

Common collocations

  • sign an anchor tenant
  • anchor store
  • major anchor tenant
  • lose an anchor tenant
  • retail spaceCommercial property used for selling goods or services to the public, such as shops, showrooms and units in shopping centres.
  • tenantA person or business that pays rent to live in or use a property owned by someone else, usually under a lease.
  • commercial real estateProperty used for business rather than as a home, such as offices, shops, warehouses, hotels and factories.
  • vacancy rateThe share of units in a building, portfolio or market that are empty and not rented at a given time, shown as a percentage.

More terms: Commercial Real Estate

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