U.S. Retail Development Down To 90 Million sf In 2009


Due to both consumer demand and financing dry up, Marcus & Millichap predicts that 90 million square feet of retail space will open in 2009, down from 131 million square feet in 2008. This is the lowest amount since 1995. New mall development is slowing, with only 6 million square feet slated nationwide this year.

The real question is how much will come on line in 2010?

Michael Dodds, MAI, CCIM, MRICS

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    Categories : National News

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