The retail closures in the headlines for months now are finally having an impact on the overall U.S. retail market, with fundamentals notably softening, according to JLL's Q2 2018 Retail Outlook. Major metros in general are moving from a cyclical peak to a falling retail market.

As stores close — more than 2,500 during the first half of this year — net absorption is being impacted, the report says. During the second quarter, absorption of retail space was still positive nationwide, a total of 8.7M SF.

But that figure represents a significant slowdown in the pace of retail absorption, with declines of 45.2% compared with Q1 and 59.4% compared with a year earlier. Read more at BISNOW.