Retail Park

Definition

A “retail park” is the English term for a shopping park. A retail park is a type of commercial zone that usually complements a hypermarket or supermarket and contains three to ten stores. Retail parks have a minimum of 5,000 m² of leasable space, with the largest exceeding 20,000 m².

What is the difference between a retail park and a shopping mall?

Unlike a shopping mall, each store in a retail park has independently managed supply and a separate entrance for customers directly from the shared parking lot. Each retailer in a retail park follows its own marketing strategy.

Thanks to the simple concept and store selection (usually groceries, drugstores, fashion, pharmacy, etc.), a retail park can also operate in smaller towns, where building a traditional shopping center would not be efficient.

Advantages of a retail park

Retail parks are highly accessible, with good connections to public transportation and well-designed infrastructure. Today, retail park tenants are often the same as those in shopping centers, and several well-known global brands are now choosing to open stores in retail parks.