Anchor Tenants

Anchor tenants are major retail stores or businesses that serve as the main attraction in a shopping center or commercial development. Their presence attracts customers and helps drive foot traffic to smaller shops nearby. Examples include big department stores or popular grocery chains. The success of these smaller retailers often depends on the visibility and popularity of the anchor tenant, as customers are more likely to visit the area if they know a well-known store is there. In essence, anchor tenants play a crucial role in enhancing the overall appeal and viability of a retail space.