News and Events
Nearly 4,500 Store Closings...And Counting...
Market conditions continue to force bankruptcy, store closures and shopping center vacancy.
Jul 10, 2008 CoStar Group Sasha Pardy
With six consecutive months of employment contraction confirmed, gas prices at the highest level ever, most retailers producing negative comparable store sales, and consumers' expectations for the future at the lowest point ever, CoStar is taking a half-year look at how consumers' tightened pockets are rubbing off on the retail real estate sector in the form of store closings and increased shopping center vacancy.