Shopping Centers’ Impact

Despite the downward trend in the overall popularity of shopping centers, they still account for a sizeable part of the U.S. economy. Their impact remains enormous — even if reduced.

According to various sources — International Council of Shopping Center (ICSC), U.S. Census Bureau, Bureau of Economic Analysis, Fortune Magazine, 24/7 Wall St., CoStar, JREPM, Lazard Global Real Estate Securities, NAREIT, and NAIOP — as of June 2017, U.S. shopping centers:

  • accounted for millions of jobs.
  • included numerous non-retail tenants.
  • yielded billions of dollars annually in revenues for communities and states through property and sales taxes.
  • encompassed both small and large venues.

 
Take a look at the infographic to learn more.

SHOPPING CENTERS ARE MAJOR EMPLOYERS. SHOPPING CENTER JOBS ARE MORE THAN RETAIL. SHOPPING CENTERS ARE BIG BUSINESS. SHOPPING CENTERS ARE SMALL BUSINESS
 

This entry was posted in Careers in Retailing, Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 4: Store Location Planning, Part 5: Managing a Retail Business and tagged , , , , . Bookmark the permalink.

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