Although the pace of store closures has slowed from its 2019 peak, don’t expect the reprieve to last long, according to a new UBS report that suggests America still has far too much retail space per capita.
At the end of last year, there were 115,000 shopping centers — a figure that includes strip centers, malls, outlet and other lifestyle centers — across the U.S., compared with 112,000 in 2010, and 90,000 in 2000, UBS found in an analysis using data from the International Council of Shopping Centers.
