Which type of center includes 20 to 70 stores and usually attracts a wider customer base?

Get ready for the Commercial Property Management Exam. Use flashcards and multiple choice questions, each with hints and explanations. Prepare effectively!

The correct choice is the regional center, which typically consists of 20 to 70 stores and is designed to draw a larger customer base from a wide geographical area. Regional centers often feature a mix of retail stores, dining establishments, and entertainment options, making them a destination for shoppers looking for a variety of goods and services.

The key aspect of regional centers is their ability to attract shoppers from several surrounding communities, thus increasing foot traffic and providing a more extensive shopping experience compared to smaller centers. They usually include larger department stores and anchor tenants that cater to a broader demographic, enhancing their appeal to a diverse group of customers.

In contrast, neighborhood and community centers typically serve local markets and have fewer stores, with a focus on everyday needs. Neighborhood centers often feature convenience retailers, while community centers may have a mix of various types of shops but on a smaller scale than regional centers. Strip centers generally consist of a line of retail stores with minimal space between them and cater to local traffic rather than drawing from a wider area like regional centers do.

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