Shopping center development is not a one-horse operation. Mall developers need anchor stores, construction contractors, city planners, architects and urban designers to name some of the professions involved in retail development. Everything about the geographic area is heavily analyzed for demographics, traffic patterns, social class and consumer research.
Retail and shopping center developers education and training includes courses in real estate management, architecture or urban design and other professions involved in shopping center development. Many books are published on the subject and are informative.
1. Education and training for mall developers includes analytical skills to determine the feasibility of building malls.
2. Although there is a lot of analysis, design matters, construction and retail knowledge involved, it is necessary to work with the city and the community and abide by their laws.
3. Shopping center associations are good resources for finding the education and training you need for retail center development.
Get acquainted with the basics of retail developmentOne of the best ways to get an overview of the educational requirements for retail developers is to look at the profession's association website.
Eastern State Connecticut College lists terms and definitions.
Consider the importance of design for retail developersDesign is hugely important in mall development. Urban design programs are available in undergraduate, graduate and certification programs. Urban designers might also collaborate with architects to create the best space possible for a shopping center.
UC Berkeley Department of Urban Design is a well-regarded, state of the art program dedicated to creating environmentally sound, integrated spaces in cities. The University of Pennsylvania is another school with an excellent urban design program.
Getting an education in real estate management is key for retail developersDevelopers of shopping centers wear many hats but most importantly they are real estate managers. Real estate management is a real subject, with undergrad and graduate programs to prove it.
The Kellogg School of Management's Real Estate Management program covers everything about working with commercial real estate. Harvard Business School offers executive level programs in real estate management.
- Shopping center development companies work with different professions in order to make a shopping center happen. One of the most important features of building a shopping center are the "anchors." Those are the big name retail stores that are situated in three or four strategic points in the mall, ergo, they anchor the mall. The anchors have a lot of weight in the process of building a shopping mall.