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Over past 15 years, more retail space is demolished than built on speculation

Removal of obsolete buildings provides benefits for retail landlords
The former Randall Park Mall in North Randall, Ohio, was demolished in 2015 and replaced with an Amazon fulfillment center (CoStar)
The former Randall Park Mall in North Randall, Ohio, was demolished in 2015 and replaced with an Amazon fulfillment center (CoStar)
CoStar Analytics
September 24, 2025 | 4:17 P.M.

Retail landlords are getting a boost not only from steady demand for stores fueling near-historic low vacancy and a dearth of available modern space. They are also benefiting from developers slowing construction of space built on speculation.

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