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Real Estate vocabulary · Commercial Real Estate

Retail space

Meaning in real estate, with examples

nounCommon term

In real estate, retail space means: Commercial property used for selling goods or services to the public, such as shops, showrooms and units in shopping centres.

In Turkish: perakende alanı, mağaza alanı, dükkan

How it is used

Brokers talk about high-street retail space, retail units in a mall and ground-floor retail in mixed-use buildings. Footfall, frontage and visibility have a strong effect on rents.

Example sentences

  1. The ground floor has 300 square meters of retail space with a large shop window.

  2. Retail space on this street rarely stays empty for long.

Common collocations

  • ground-floor retail space
  • lease retail space
  • prime retail space
  • retail unit
  • office spaceRooms or floors in a building used or available for office work, usually leased to companies by the square foot or square metre.
  • anchor tenantA large, well-known tenant, such as a supermarket or department store, that draws visitors to a shopping centre and helps attract smaller tenants.
  • commercial real estateProperty used for business rather than as a home, such as offices, shops, warehouses, hotels and factories.
  • triple net leaseA commercial lease in which the tenant pays rent plus the property's taxes, insurance and maintenance costs, leaving the owner with almost no running costs.

More terms: Commercial Real Estate

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