Historical Retail Deliveries

• Retail real estate developers delivered approximately 45 million square feet of space in 2010—the lowest amount CoStar has ever recorded.
• Projections are that the industry will deliver about 50 million square feet in 2011.
• The amount of space delivered in 2010 was half as much as 2009 and less than 20 percent of the total delivered in 2007, when 232 million square feet of space came on line.
• Retail construction starts in 2010 totaled approximately 23 million square feet—one of the lowest years on record and the fourth straight year the figure fell. In fact, the full year figure for construction starts in 2010 was lower than in any single quarter in 2006 or 2007.

Source: CoStar Group