Quote:
Originally Posted by bizaro86
I think Canadians and Americans are probably equally addicted to shopping. But the US capital markets have funded a lot more malls. So the shopping is diluted among more places, which makes the Canadian ones more successful on average.
The US has 40% more retail square footage than Canada per person.
https://www.statista.com/statistics/...20respectively. |
This certainly explains the relative emptiness of US malls compared to say Calgary. Every US city I have lived in seems to have its share of ghost malls, even where there is strong economic growth.
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