America over-retailed

If you’re in the United States look to your left. Now, look to your right. Chances are you just saw some kind of retail store, more particularly a chain one. America may be the land of the free and the home of the brave. But, it is also the home of the over-retailed. We have 40 square feet of retail space per person, which is the highest of any other county. So how exactly did we become the advertisement-laden, shopping-mall mecca of the world?

Building Trends

Riholtz explained that trends with consumerism is a direct reflection of construction and that unfortunately consumer trends are ever-changing. Yet we are building permanent structures based around them such as shopping centers and retail destinations. According to Forbes, “since 1995, the number of shopping centers in the U.S. has grown by more than 23 percent and the total gross leasable area by almost 30 percent, while the population…