What impact does an anchor tenant typically have on a shopping center?

An anchor tenant typically plays a significant role in a shopping center's success by attracting foot traffic and increasing visibility. Large retailers, such as department stores or well-known brands, usually serve as anchor tenants. Their presence can draw customers not only to their stores but also to the other smaller retailers in the shopping center. This phenomenon occurs because shoppers often visit an anchor store to take advantage of its offerings and subsequently browse nearby smaller shops.

As a result, anchor tenants are vital for enhancing the shopping experience, leading to greater sales opportunities for other businesses within the center. This increased visibility not only benefits the smaller retailers but can also enhance the overall appeal of the shopping center, making it a desirable destination for consumers. While other options may relate to aspects of tenant dynamics, they do not capture the primary impact of anchor tenants in driving traffic and creating a bustling shopping environment.