Economic rationale for visual configuration of space
Sumanta DebKeya Mitra
Broschiertes Buch

Economic rationale for visual configuration of space

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Organized retail formats are growing twice as fast as their traditional counterparts. But, in spite of that, the mall management is concerned about the rising rate of vacancy leading to economic unsustainability. The reason for high mall vacancy rates can be ascribed to faulty tenant placement and irrational rental plan. Existing studies on the tenant- mix decisions focus more on inter store externality and not on the spatial logic. Moreover, normal industry practice follows rule- of-thumb instead of any scientific approach. A bid-rent model for profit maximization of individual stores is solv...