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Retail leasing slowed nationwide in the first quarter of the year as a lack of available space kept the market tight, according to CoStar.
Two major retail chains are closing roughly 800 stores. One company's spaces likely will be filled, while the other's may become empty, and unsightly, zombie stores.
Regional malls have been caught in a spiral as their department-store anchors like Sears, Macy's and JCPenney closed.
Discount retailers continue to dominate retail leasing nationwide in 2022 and are likely to keep that momentum into 2023.
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