By Bill Read
April 6, 2022
Stein Mart’s closing added 10 million square feet of vacancy in 2020.
RETAIL SPECIALISTS TOOK A DEEP DIVE INTO WHICH RETAILERS HAVE BEEN BACKFILLING THESE LOCATIONS
- Stein Mart backfilled spaces by retailer
- Stein Mart backfilled spaces by retail category
- Category breakdown
- Listing of 281 former spaces and current use
When Stein Mart filed chapter 11 in August of 2020 they announced they were closing their entire fleet of stores. Now 19 months since the announcement, Retail Specialists has taken a deep dive into what retailers backfilled these locations.
When Stein Mart closed its stores, it dropped nearly 10 million square feet of vacant big-box space on the market.
Our report indicates that 96 of the 281 former spaces have been released or are slated for redevelopment. Check out the report for trends in who is using the space and how.
The Read Report
Industry report on trends with commercial retail real estate.
Researched and written by Bill Read.
About Retail Specialists
Retail Specialists, LLC (RSI) is the premier retail real estate services firm in the south. We are committed to long-term relationships in property management, retail representation, development, and leasing and brokerage. Founded in 2005, we’ve thrived through tough times and shine under pressure. A unique mix of experience, technology, and data have proven successful in a business we love.