By Bill Read
December 4, 2020

What Happened to the Former Toys R Us Locations?

Report Highlights

  • What types of stores are backfilling empty Toys R Us boxes
  • Reporting on 430 of the 750 vacant spaces
  • Subdivided space for multiple retail brands

Since Toys R Us filed for bankruptcy and closed their stores in June of 2018, much has changed in the retail world. Retail bankruptcies have skyrocketed, mainly due to the pandemic, but that’s not the only problem retail has faced. Before COVID-19 hit, several retailers felt the effects of too much debt, lagging sales, and consumer uptick in online shopping.

While there have been many reports about why Toys R Us failed, this report takes a deep dive into the former locations, and what types of stores are backfilling those empty boxes.

While malls have been hit particularly hard by the pandemic, retail around malls has remained rather resilient. The Toys R Us bankruptcy was not the largest retail failure, but in terms of available real estate it was one of the largest with more than 30 million square feet of big box space dumped on the market.

Around almost every mall in the U.S. was a Toys R Us or Babies R Us. These 30,000-50,000 sf boxes were generally well-located, yet many were dated in appearance and in need of a new occupant.

# StoresCategory
97Furniture 
78Discount
65Apparel
39Grocery
31Hobby and Craft
26Sporting Goods
16Entertainment
15Fitness
14Home Improvement
8Self Storage

The Read Report

Industry report on trends with commercial retail real estate.
Researched and written by Bill Read.

Toys R Us Report

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