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Tenant Mix

Also known as: Retail Tenant Mix, Retail Merchandising Mix

The combination and placement of retail businesses and service uses within a shopping center.

Tenant mix describes which retail businesses and service uses occupy a shopping center and where they are located. It considers business categories, the range of unit sizes, and the relationship between neighboring uses.

A tenant-mix plan concerns the composition and layout of the center, while occupancy measures how much space is occupied. Document the existing mix separately from proposed leasing changes; the plan alone does not establish future sales, traffic, or rental income.

Source: ICSC, European Retail Property School, Tenant Mix, PDF page 12.

Frequently Asked Questions

Is tenant mix the same as occupancy?

No. Tenant mix describes the types and placement of businesses. Occupancy describes the amount of occupied space.

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Related Terms

  • Shopping Center
  • Retail Property
  • Co-Tenancy Clause

More in Leasing

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Assignment of Lease

The complete legal transfer of an existing tenant's entire leasehold rights, obligations, and physical occupancy to a new incoming tenant.

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Base Rent

The fixed minimum monthly rent agreed upon in a lease agreement, excluding utilities, janitorial, or shared operating expense pass-throughs.

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Co-Tenancy Clause

A commercial lease clause granting rent reductions or termination rights if anchor tenants vacate or center occupancy falls below agreed levels.

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Concession

A rental concession is an allowance, such as a free-rent period or move-in credit, that reduces rental income.

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Continuous Operation Covenant

A commercial lease requirement obligating a retail tenant to keep its store open, fully stocked, and staffed during designated business hours.

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