CBRE predicts 20% reduction in total U.S. retail square footage by 2025


CBRE predicts 20% reduction in total U.S. retail square footage by 2025
Published Wednesday, November 18, 2020
by Marianne Wilson - CSA

According to CBRE’s 2021 U.S. Real Estate Market Outlook, "2020 will be remembered as a year of extremes, from GDP’S unprecedented 31.4% drop in Q2 to its remarkable 33.1% growth in Q3. While continued recovery depends on a medical solution to COVID-19 and on additional government stimulus, GDP is expected to end 2020 down by only 4.0%, followed by a 4.5% rebound in 2021." 

Click here to read the full article on Chain Store Age

To download the full report from CBRE, click here

Photo by Ashim D’Silva on Unsplash

Send this page to a friend

Recent News

‘The floodgates have opened’: 2020 sees surge of business transplants to South Florida

While COVID may be a catalyst, core reasons for coming to South Florida remain solid: access, taxes and lifestyle.

Publix Pursues Vision of Service and Ownership

Todd Jones may be the CEO of Publix Super Markets, but it’s clear that he’s never let that title, or any executive position before it, get in the way of understanding the intricacies of the grocery business.

Walmart earnings top expectations as customers’ new shopping habits send e-commerce sales soaring 79%

“We think these new customer behaviors will largely persist and we’re well positioned to serve customers with the value and experience they’re looking for,” Walmart CEO Doug McMillon said in a news release.