Get the latest research statistics on the state of Marketplaces Industry.
Excluding gas, automotive, and food and beverage services, retail sales rose 5.0% in April 2026 over April 2025.
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
Healthy shopping center occupancy rates to begin 2026.
Occupancy
6400
6916
7073
Excl: auto, gas, F&B
Incl: auto; Excl: gas, F&B
Incl: auto, gas; Excl: F&B
Total retail sales
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In April 2026, there were 187 announced restaurant openings, bringing the total for 2026 to 1,430, which exceeds the 870 announced closings so far this year.
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
by year
by month
Source: PNC RE Market Research, ICSC Research
Store Closures
No. of Bankruptcies
14
3
Source: PNC RE Market Research, ICSC Research
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by month
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Year-to-date (Jan-Apr) increase in retail sales excluding auto, gas and food and beverage services in 2026 over the same period in 2025.
April 2026 increase in retail sales excluding auto, gas, and food and beverage services over April 2025.
Year-to-date (Jan-Apr) increase in food and beverage services sales in 2026 over the same period in 2025.
$13.3
Rise in the non-food/non-retail share of GLA in shopping centers from Q2-2021 to Q2-2023.
0.8pp
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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 Q1-2025 and Q1-2026.
0.5pp
Decrease in mall occupancy between Q1-2025 and Q1-2026.
-1.0pp
Growth in open-air center occupancy between Q1-2025 and Q1-2026.
0.8pp
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Source: CoStar Realty Information, ICSC Research
Source: NCREIF, ICSC Research
Sales Composition
Shopping Center GLA Distribution
Occupancy
Announced Openings & Closings
Bankruptcies & Resulting Closures
33
2021
2022
2023
2024
2025
Feb '26
Mar '26
657.3
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this month’s data
Unit: billions
5828
6182
6423
6633
6896
519.5
598.3
4376
4686
4864
5038
5238
392.9
448.9
2026 CLOSURES BY CATEGORY
Apparel
924
Restaurants
870
Grocery
793
Home Entertainment
473
2026 CLOSURES BY CATEGORY
Apr '26
591.7
445.7
26
Year-to-date sales growth through May at clothing and clothing accessories stores in 2022 over 2021
17
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9
4997
$21.1
billion
billion
$80.8
6182
by year
7265
7519
564.7
654.2
392.9