Service area
The geographical area that encompasses/delineates the principal share of clients or customers served by the tenants of the property (a concept that becomes less applicable as the service area of the customer base increases).
Sensitivity analysis
The process of recalculating outcomes under alternative assumptions to determine the impact of the variable under analysis.
Segmentation of formal regions
The compartmentalization or division of formal regions into smaller geographic areas for the purpose of carrying out a more detailed market area analysis.
Securitization
The phenomenon of indirectly investing in real estate markets in ways that minimize risk (for example, investments made collectively with pooled money or the use of investment packages/funds, such as mortgage backed securities sold on the sec...
Scale economies
Cost reductions, savings, or advantages that come about from efficiency gains associated with increasing levels of production output or the increased size of an operation or system (as the average cost of production falls with increasing outp...
Sales volume
The total amount of sales/revenue generated by a retail outlet or facility in a given time period.