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Into the Great Wide Open: Why open-air centers are one of CRE’s shining stars

The Weekly Take from CBRE

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The Importance of Lifestyle in the Open Air Ecosystem

Community, neighborhood, power, grocery, anchor? Just walk through the basic categories or listen to know what we're talking about. Sure. So you have your power centers. Big box category killer retailers. We've all seen them like Ross, Burlington, TJX and there'll be 500, 600,000 square feet. And then you have lifestyle centers, which kind of fall in between. It's sort of open air, but kind of mall in that you'll have the same sort of tenants that you have in a mall with great landscaping,. A lot of restaurants, places where people go to hang out.

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