The Effect of Anchor Tenant Loss on Shopping Center Rents

Dean H. Gatzlaff, G. Stacy Sirmans and Barry A. Diskin
Additional contact information
Dean H. Gatzlaff: Department of Insurance, Real Estate and Business Law College of Business Florida State University Tallahassee, Florida 32306, http://www.cob.fsu.edu/rmi/
G. Stacy Sirmans: Department of Insurance, Real Estate and Business Law College of Business Florida State University Tallahassee, Florida 32306, http://www.cob.fsu.edu/rmi/
Barry A. Diskin: Department of Insurance, Real Estate and Business Law College of Business Florida State University Tallahassee, Florida 32306, http://www.cob.fsu.edu/rmi/

Journal of Real Estate Research, 1994, vol. 9, issue 1, pages 99-110

Abstract: This paper examines the effect that the loss of a shopping center anchor tenant has on the rental rates of the remaining tenants. Using data from smaller and moderately sized centers located in Florida and Georgia, two alternative regression procedures are employed and the results compared. Both estimates suggest similar and substantial effects to the rental rates. The rental rates of non-anchor tenants are estimated to decline approximately 25% in response to the loss of an anchor tenant.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1994
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