Megatrends in Retail Real Estate
Retail real estate properties and their marketplaces are in a constant state of change. The emergence of such new and growing value formats as warehouse clubs, factory outlet malls, and other powerful discount formats provide traditional shopping centers
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RESEARCH ISSUES IN REAL ESTATE Sponsored by The American Real Estate Society Volume
I
APPRAISAL, MARKET ANALYSIS, AND PUBLIC POLICY IN REAL ESTATE edited by James R. Delisle and J. Sa-Aadu
Volume
II
ALTERNATIVE IDEAS IN REAL ESTATE INVESTMENT edited by Arthur L. Schwartz, Jr. and Stephen D. Kapplin
Volume
III
MEGATRENDS IN RETAIL REAL ESTATE edited by John D. Benjamin
Megatrends In Retail Real Estate edited by John D. Benjamin American University
International Council of Shopping Centers and The American Real Estate Society
Kluwer Academic Publishers Boston/DordrechtiLondon
Distributors for North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell. Massachusetts 02061 USA Distributors for all other countries: Kluwer Academic Publishers Group Distribution Centre Post Office Box 322 3300 AH Dordrechl, THE NETHERLANDS Library of Congress Cataloging-in-Publication Data Megatrends in retail real estate / edited by John D. Benjamin. em. - (Research issues in real estate; v. 3) p. "The American Real Estate Society." Includes index. ISBN-13 978-94-01 0-7303-5 e-ISBN-13 978-94-009-1802-3 001 10.1007/978-94-009-1802-3 1. Commercial real eslate - Forecasting. 2. Shopping centers-Forecasting. 3. Real estate invesment--Forecasting. 4. Commercial real estate - Finance. 5. Real estate business. I. Benjamin, John D. II. American Real Estate Society. III. Series: Real estate research issues: v. 3. HD1393.55.M44 1996 333.337 - dc20
Copyright
© 1996
by Kluwer Academic Publishers
Softcover reprint of the hardcover 1st edition 1996
All rights reserved. No part of this publication may be reproduced, stored In a retrieval system or transmitted in any form or by any means, mechanical. photo-copying, recording. or otherwise, without the prior written permission of the publisher, Kluwer Academic Publishers, 101 Philip Drive, Assinippi Park, Norwell, Massachusetts 02061.
Prmted on acid-free paper.
95-37846 CIP
1996 AMERICAN REAL ESTATE SOCIETY PRESIDENT'S COUNCIL Appraisal Institute BOMI Institute Institutional Real Estate, Inc. International Association of Corporate Real Estate Executives LaSalle Advisors Limited Price Waterhouse REGENTS Equitable Real Estate Investment Management Federal National Mortgage Association MIG Realty Advisors Prudential Real Estate Investors The Roulac Group The RREEF Funds SPONSORS AETNA Real Estate Advisors Boston Financial Group CB Commercial Real Estate Group CIGNA Investments Citadel Realty Citicorp Real Estate Cornerstone Real Estate Advisers Counselors of Real Estate Dearborn Financial Publishing F. W. Dodge The Dorchester Group E & Y Kenneth Leventhal Real Estate Group Freddie Mac Heitman/1MB Advisory Corporation International Council of Shopping Centers International Development Research Council Richard D. Irwin and Irwin Professional Publishing Korpacz & Associates Lambda Alpha International The Liquidity Fund MetLife Real Estate Investments MetLife Realty Group Mortgage Banker's Association National Association of Industrial and Office Properties Nationa
