After hitting 56.5 square feet of retail space per capita in early 2009, the high-water mark for shopping center space in the U.S. that coincided with an onslaught of retail space additions, the amount of retail space per capita within the largest 45 retail markets across the U.S. has steadily declined.
Despite Increased Consumer Spending, Retail Can't Shake Perception of Being Oversupplied
US Population Rises, Consumers Spend More, Retail Space Per Capita Declines
By Brandon Svec
CoStar Analytics
September 21, 2023 | 9:01 P.M.
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