✉news BusinessRetail first seen 10 h ago, last 4 h ago, peak #8
Retail construction hits 10-year low, squeezing store space search
Original: Retailers face tougher search for space as construction drops to 10-year low: JLL
Retailers are struggling to find suitable store space as new retail construction has fallen to its lowest level in a decade, according to JLL. With fewer new projects being delivered, competition for available storefronts is intensifying, likely pushing rents higher in prime locations and limiting expansion options for chains looking to grow their physical footprints.
Why now: A decade-low in retail construction signals tightening supply just as retailers seek physical space, making it timely for the industry.
Rank over time, top of the chart is #1. 5 snapshots from 10 h ago to 4 h ago.
Evidence
- Retailers face tougher search for space as construction drops to 10-year low: JLL · constructconnect.com
API: https://socialmediatrends-api.osmike.com/v1/trends/1599025