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Sunday, August 29, 2010

The overhang of retail space nationally

From "Beall's Outlet takes advantage of open retail space to continue aggressive expansion" in the St. Petersburg Times:

Colliers International estimates ... a staggering 300 million square feet of empty big-box retail space nationally. The 120 million square feet vacated just since 2008 by the likes of Circuit City, Linens n' Things and supermarkets equals all the shopping center space in Baltimore, Cincinnati and Kansas City combined.

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