What typically characterizes a power center in commercial real estate?

A power center in commercial real estate is typically characterized by being dominated by several large anchor stores. These centers are designed to attract a significant amount of foot traffic due to the presence of these major retailers, which often include big-box stores such as discount department stores, home improvement stores, and warehouse clubs. The presence of these anchor tenants usually serves to draw customers to the shopping area, benefiting smaller retailers or other businesses located within the power center.

The large retail establishments in power centers generally have ample parking and are strategically located near major highways or intersections, making access convenient for shoppers. This design encourages not just shopping but also a range of consumer activities, solidifying the power center's role as a key retail destination in a community.