The U.S. was widely acknowledged to be over-retailed well before the coronavirus pandemic. The state-mandated lockdown orders, social distancing and restrictions on retail operations that followed have only amplified the distress in the market, making an already challenging situation much worse.
Retail Market May Be Overbuilt to the Tune of 1 Billion Square Feet
To Reach Previous Productivity, Sector Would Need To Subtract More Space Than Was Added in Past Decade
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