[Crawford]

While retailers continues to expand, there are also a massive number of vacant shopping centers.

In Metro Detroit, there are an incredible number of vacant spaces. Virtually every strip mall has empty spaces, and a number of major malls and power centers are largely vacant.

So yes, retail space is added, but I think it cannibilizes older retail space in less desirable areas. So a Meijer will open, but it will close a KMart down the road.