The numbers tell the story – 111,000 restaurants alone have already closed in 2020, with 40 major retailers closing nearly 12,000 locations – small and large. No matter if you have a vacant 400 sq. ft. space or a 100,000 sq. ft. big box now vacant, property owners may want to consider some of the following depending on their vacancies.
American importers pay a significant portion of the increase and US consumers pay the remainder due to the increase on goods manufactured in China. However, China’s economy is slowing, with consumers holding back and infrastructure spending slowing sharply. This slowdown is expected to worsen as America’s tariffs ramp up. On the other hand, the United States has continued to experience vigorous economic growth, including the lowest unemployment rate since 2000.