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Podcast: Macroaggressions
Episode: #496: Blood, Bath, & Beyond: Retail Apocalypse
Description: The commercial real estate sector of the United States is on the verge of a catastrophe, and any combination of interest rate hikes, continued inflation, economic uncertainty, or supply chain break downs may spell the end.
The number of large-chain retail stores closing in 2024 has been off the charts, with well over a thousand pharmacies and dollar stores closing around the nation. Shopping malls have also been hit hard and have been demolishing millions of square feet of real estate over the past two years. The worst part is that this unwinding is just getting started and should...