Following an overview of the types of shopping centers and relevant investment markets, the authors detail the study of shopping centers through local economic analysis, market analysis, and marketability analysis.
Extensive treatment is given to the physical characteristics of shopping center sites and buildings.
Chapters on the application of the valuation approaches, income forecasting, and capitalization procedures provide useful guidelines for the valuation of shopping centers. A concluding chapter addresses problems in the allocation of value, i.e., business value, center assessment, and anchor appraisal.