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Nationwide Glut of Stores Shows Signs of Easing, New Analysis Finds

Reduced Construction Follows Pandemic, Population Migration, Demolitions and Repurposing

Austin, Texas, has had explosive population growth. As a result, its amount of retail space per person has fallen below the national average, according to a CoStar Group analysis. (CoStar)
Austin, Texas, has had explosive population growth. As a result, its amount of retail space per person has fallen below the national average, according to a CoStar Group analysis. (CoStar)

Owners of U.S. shopping centers and malls are gathering in Las Vegas this week as the nation’s onetime glut of retail space has eased enough that growing Sun Belt and Western regions can now support more stores based on their booming populations.

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