And how might that happen.
Well, for starters new retail construction is at a 20 year low. That means that existing stuff is filling up. That's good.
But the liar OP is somehow trying to link occupancy to shopping. When no new construction is under way....guess what. The numbers skew.
And the liar misses not opportunity to lie.
Net absorption increased 12.6% quarter-over-quarter while deliveries fell 5.1%.
www.globest.com
The gap between demand for store space and new supply is stunning, JLL's report on the U.S. retail outlook for 2Q 2023 reveals. The overall average occupancy for retail centers across the country is 95.4%, while development is less than 0.3% of total inventory. Indeed, net absorption increased 12.6% quarter-over-quarter to 10.8 million square feet – but deliveries fell 5.1% in the same period.
Just 11.9 million SF started construction in 1Q 2023 – the lowest level since 2005, according to JLL.
Further adding to the lie.....
More people are taking second jobs and thus impacting precious family and alone time. Thanks Joe/Camel.
Battling inflation, some Americans report not being able to support themselves even with two streams of income.
fortune.com
Sometimes in an effort to reinvent yourself, you drop certain traits. One thing that has not dropped is that
Procrustes Stretched is still the same huge liar that Dante was.