United States Retail Outlook Q4 2024
Retail space crunch to ease as store closures free up 140 million square feet
- Keisha Virtue
The U.S. retail landscape is evolving rapidly, presenting both challenges and opportunities. Our latest report focuses on the ongoing supply crunch reshaping industry strategies.
A persistent shortage of suitable space impacts expansion plans and market dynamics, with minimal near-term supply additions intensifying competition for prime locations. However, our forecast suggests a gradual loosening of construction activity in the coming years. Notably, an accelerated closure pipeline is set to inject over 140 million square feet back into the tight market, potentially alleviating some pressure.
What does this mean for retailers, investors, and consumers? How will this supply dynamic influence retail strategies and consumer experiences? Our comprehensive analysis provides insights into these questions and more, offering a roadmap for navigating the complex retail terrain ahead.
Discover how industry leaders are adapting to these challenges in our full Q4 2024 United States Retail Outlook. Don't miss the trends and forecasts shaping the retail sector's future.
