The U.S. retail property market remained resilient in the third quarter, marked by sustained, though slowing, demand growth. Retail tenants filled 5.2 million square feet of store space during the third quarter, the second-lowest total since the sector emerged from pandemic-era lockdowns. Only the first quarter of this year saw weaker expansion in demand.
Demand for US retail space remains positive despite increase in store closings
Retailers face increasingly challenging environment as consumer behavior changes
By Brandon Svec
CoStar Analytics
November 15, 2024 | 7:27 P.M.
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- Companies
- Big Lots Inc.
Retailer