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NEW YORK CITY—The Americas contain by far the largest share ofshopping center space at north of 2.25 billionsquare feet, with the US alone accounting for more than two billionsquare feet of the total. That preeminent position won't change bythe end of 2016, although China will add more than four times asmuch new retail space as the US over the next two years: 161.3million square feet compared to 36.7 million feet domestically,even if the Americas have more projects under construction.
That Asia should lead the way with retail development, even aseconomic growth in the region slows slightly, bodes well for theglobal recovery generally. So says Cushman &Wakefield in a report issued Monday to coincide withICSC RECon.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
