0 sats \ 0 replies \ @kr 14 Dec 2023 \ on: The average store size in the US is the smallest it's been in at least 17 years tech
Despite these changes in retail’s landscape, overall demand for store space is robust. Nationwide, the rate of available retail space was 4.8% in the third quarter, the lowest level in the 18 years the data has been tracked by real-estate-services firm CBRE.
wow, this is surprising to me. i’ve seen many vacancies popping up in my city and just assumed retail space was doing as poorly as commercial office space these days
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