2019 saw a record number of retail store closings, however the actual retail square footage was not proportionally impacted. This emerging trend is due to smaller tenants opening more stores and retailers shedding space in order to improve sales productivity.

Key findings



“On a square-foot basis, small tenants have accounted for a much higher share of announced openings since 2016 than large tenants and a much smaller share of announced closures.”

‍



“Consisting predominantly of health & fitness, restaurant, and entertainment tenants, the experiential segment has doubled the space it occupies in shopping centers since the end of 2007.”

‍



“Service tenants are growing at the fastest rate among retail sectors and now account for 10% of occupied space in shopping centers.”

‍



View



View PDF



Behind a hard paywall (paid accounts only)



Behind a soft paywall (limited views allowed until a paid account is required)