Author: Dean H. Gatzlaff, G. Stacy Sirmans, and Barry A. Diskin

Start Page: 99
End Page: 110
Volume: 9
Issue Number: 1
Year: 1994
Publication: Journal of Real Estate Research

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.