Coronavirus Consumer Survey
Get the latest research statistics on the state of Marketplaces Industry.
Economic outlook
Consumer behavior
Looking ahead
Safety habits
Take a closer look at buyer behavior, including spending habits and safety precautions
Coronavirus consumer survey
of adults believe the economy is better than it was a month ago
18%
believe the economy will improve in the next 12 months
agree businesses should be open in their state
Source: ICSC’s COVID-19 Consumer Series.
Covid survey, WAVE January 14 - 16, 2021
Excluding gas, automotive, and food and beverage services, retail sales rose 5.0% in September 2025 over September 2024.
Sales composition
Source: U.S. Census Bureau, ICSC Research
The share of GLA in shopping centers devoted to retail continues to decline and shift toward food and other services.
Shopping Center GLA Distribution
Shopping center occupancy rates see slight dip in Q3-2025, but are still higher than Q1-2025.
Occupancy
29%
68%
5467
6400
6916
7073
7265
Excl: auto, gas, F&B
Incl: auto; Excl: gas, F&B
Incl: auto, gas; Excl: F&B
Total retail sales
See key statistics
See key statistics
See key statistics
So far in 2025, there have been 5,043 announced restaurant openings, the highest among all categories.
Announced openings & closings
Not all bankruptcies filed result in store closures, as many are filed as a means to restructure debt. However, others announce and begin the process of store closure as part of realigning operations or going out of business altogether
Bankruptcies & resulting closures
See 2020 store closures by category
by year
by month
Source: PNC RE Market Research, ICSC Research
Store Closures
No. of Bankruptcies
26
36
70
14
70
70
7
Source: PNC RE Market Research, ICSC Research
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Share on your social
by month
by year
65%
are shopping/browsing inside physical stores for non-essential goods
54%
are dining indoors at a restaurant, bar or other eating place
48%
are shopping inside a mall
52%
would support a lock down or increased restrictions on activities if local COVID cases significantly rise
86%
changing purchasing habits due to rising prices
71%
are still cutting back on spending
44%
buying brands that are generally cheaper as a result of rising prices
47%
being stricter with mask wearing due the Omicron variant of
COVID-19
62%
currently being more cautious when going out in public
55%
are comfortable with the ways in which the state/local community are handling the current
COVID-19 situation
56%
are engaging in a normal level of out-of-home activity
See key statistics
3.6%
Year-to-date (Jan-Sep) increase in retail sales excluding auto, gas and food and beverage services in 2025 over the same period of 2024.
Q3-2025 increase in retail sales excluding auto, gas and food and beverage services over Q3-2024.
5.0%
Year-to-date (Jan-Sep) increase in sales at food services and drinking places in 2025 over the same period of 2024.
$47.6
Rise in the non-food/non-retail share of GLA in shopping centers from Q2-2021 to Q2-2023.
0.8pp
See key statistics
billion
Decline in the share of retail GLA in shopping centers from Q2-2021 to
Q2-2023.
-1.0pp
Increase in the food services share of GLA in shopping centers from Q2-2021 to Q2-2023.
0.2pp
Note: Despite announced openings and closings, the distribution of GLA may lag based on when businesses shut their physical doors.
Rise in total shopping center occupancy between Q3-2021 and Q3-2025.
1.8pp
Increase in mall occupancy between Q3-2021 and Q3-2025.
4.7pp
Growth in open-air center occupancy between Q3-2021 and Q3-2025.
1.3pp
See key statistics
Apparel
6,078
See 2020 store closures by category
Footwear
309
Grocery
109
Discount department stores
37
Source: CoStar Realty Information, ICSC Research
Source: NCREIF, ICSC Research
Sales Composition
Shopping Center GLA Distribution
Occupancy
Announced Openings & Closings
Bankruptcies & Resulting Closures
5
17
2020
2021
2022
2023
2024
Q3 '25
Aug '25
1896
640.9
Click on each section to learn about
this month’s data
Unit: billions
Apr. 2021
1,469
5039
5828
6182
6423
6633
1731
584.9
3851
4376
4686
4864
5038
1305
439.7
4,732
4,899
5,163
503.2
1,350
3,527
3,659
3,919
361
996
Time period
Time period
Q1
Q1
0
2025 CLOSURES BY CATEGORY
Restaurants
1415
Drug Stores
1273
Apparel
1036
Footwear
418
2025 CLOSURES BY CATEGORY
Unit= thousands
Unit: thousands
Sept '25
611
557.6
421.9
33
Year-to-date sales growth through May at clothing and clothing accessories stores in 2022 over 2021
3
See key statistics
21
4997
$55.8
billion
billion
$150.2
Unit= thousands
6182