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Understanding Obsolete Retail Space: Challenges and Opportunities
May 19, 2025, 13:27 PM by Daniel DiebelObsolete (vacant and off the market) retail space has tripled since Q4 2019, affecting retailers, investors and consumers. Large format retail, particularly super regional malls, accounts for 40% of the obsolete space. -
What To Do With All Those Old Malls?
May 19, 2025, 13:18 PM by Daniel DiebelRetail obsolescence varies considerably by center type but also by geographic region. -
Retail Availability: Perception versus Reality
Apr 28, 2025, 14:40 PM by Daniel DiebelPerceptions about the retail market are often colored by a growing supply of obsolete space, which has tripled since 2020. -
Location? Location. Location!
Dec 18, 2024, 09:48 AM by Matt MowellIn this map, we apply the DBSCAN algorithm to the Philadelphia County submarket to define clusters of retail buildings based on minimum grouping size and maximum distance parameters. -
Retail Rents Outperform in Prime Business and Vibrant Mixed-Use Districts
Dec 17, 2024, 11:24 AM by Matt MowellThe availability rate in U.S. downtown markets was 88 basis points higher than the suburban rate in Q3 2024, the largest spread since CBRE EA began collecting retail data in the early 2000s. -
As obsolescence plagues malls, neighborhood centers remain resilient
Jan 8, 2024, 15:14 PM by Matt MowellCurrent retail mall availability is not as bad as it sounds. Nearly half of the vacant Lifestyle & Mall space is obsolete and no longer available for lease, so no longer part of the competitive inventory. -
As obsolescence plagues malls, neighborhood centers remain resilient (data available)
Jan 8, 2024, 15:13 PM by Matt MowellLifestyle & Mall availability rates have been bouncing around the 5% to 6% range for the past several years. While this is higher than the sub-3% rates that were typical prior to the Global Financial Crisis, current availability is not as bad as the scores of “dead” malls throughout the suburbs might suggest. -
Data paints nuanced picture for retail in San Francisco Bay Area (data available)
Oct 9, 2023, 09:25 AM by Matt MowellIn the eyes of the international media, San Francisco has become the poster child for “the death of urban retail.” The media’s obsessive focus on Downtown San Francisco, however, masks nuances in the broader Bay Area retail market. -
Data paints nuanced picture for retail in San Francisco Bay Area
Oct 9, 2023, 09:25 AM by Matt MowellIn the eyes of the international media, San Francisco has become the poster child for “the death of urban retail. But the media’s obsessive focus on Downtown San Francisco masks nuances in the broader Bay Area retail market. -
Like people and jobs, Dallas’s retail space marches north
Jul 19, 2023, 11:31 AM by Matt MowellIn the 1990s, when regional malls held sway in American culture, the mega-sized Galleria and NorthPark Center were prominent features of Dallas’s retail landscape. Fast forward 20-30 years, and retail real estate has followed Dallas’s explosive population growth northward.
What's Next?
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CBRE Insights & Research
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