A wave of bankruptcies and closures in the retail sector will give way to a brighter future as other brands across industries look to expand, an analysis by Northmarq predicts.

Significant vacancies are expected both in the net lease retail and shopping center markets as tenants including Big Lots, Party City, CVS Pharmacy and Walgreens shutter locations. Some of the storefronts could remain vacant for the foreseeable future, said Northmarq.


NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.