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China, Turkey Among the Most Active Countries for Shopping Center Development

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CBRE had just published a report on the state of global shopping center development and it seems that in spite of a continued slowdown in building in the U.S., foreign developers are pressing ahead with plans for new malls and shopping centers, especially in emerging markets. Chinese cities, including Chengdu, Tianjin, Shenyang and Beijing, took the four top spots on a list of the 24 most active cities for shopping center development. Other global cities that made the list include Instabul, Bangkok and St. Petersburg.

No U.S. cities made the list.

Overall, there are approximately 32 million sq. mt., or 344 million sq. ft., of shopping center space currently under construction around the world.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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