New Mall Space at Lowest Levels Recorded
Todd Sullivan submits:
There are millions more shoppers in the US every year and for 2010 and 2011, the amount of retail space added to accommodate them is at the lowest levels ever recorded.
From Retail Traffic . If you invest in retail stocks, this needs to be a publication on your regular reading list.
According to the CoStar Group, a Washington, D.C.-based research firm, last year’s retail delivery pipeline represents the lowest figure the firm has on record for the industry going back to 1958.
Moreover, retail construction starts in 2010 totaled approximately 23 million square feet-one of the lowest years on record and the fourth straight year the figure fell. In fact, the full year figure for construction starts in 2010 was lower than in any single quarter in 2006 or 2007. Even with the seeming burst of new announcements in early 2011, experts predict the high unemployment rate and stringent lending Complete Story »
View full post on All Stories
