Which population size is necessary for a major shopping center?

Prepare for the California Real Estate Brokerage Appraisal Test. Use study aids like flashcards and multiple-choice questions with hints and explanations to boost your readiness for the exam!

A major shopping center typically requires a larger population to ensure economic viability and adequate foot traffic. A population size between 50,000 and 100,000 is generally considered necessary because it provides a sufficient customer base to support the diverse range of stores and services that a major shopping center offers. This population size enhances the center's ability to attract a mix of retailers, which in turn draws in shoppers, creating a cycle of demand and supply that fosters growth and sustainability.

When analyzing the necessary population size for successful retail operations, factors like spending power, demographics, and the distance shoppers are willing to travel play an important role. A population of 50,000 to 100,000 strikes a balance where there is enough density for varied shopping habits while also promoting convenience for consumers.

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