U.S. Retail MarketBeat Q1 2025
The first quarter of 2025 saw U.S. retail commercial real estate experience negative net absorption of 5.9 million square feet, the weakest quarter since the pandemic onset, with the national vacancy rate rising 20 basis points to 5.5% as tariff-driven cost pressures and consumer uncertainty dampened leasing demand. Asking rents for shopping center space averaged $24.76 per square foot, representing a 2.3% year-over-year increase but a significant slowdown from early 2024 growth rates above 4.0%, with the market expected to see vacancy rates rise to 6.0-6.5% by early 2026 absent recession conditions.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Mar 31, 2025
- Last updated
- Jun 28, 2026 (1 month ago)
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