The U.S. retail sector enjoyed another positive year in 2024 by nearly all performance measures. Demand for store space remained positive despite a sharp uptick in retailer bankruptcies and store closures, while space availability dropped to historical lows against a backdrop of minimal new supply — all conditions that support the continued pricing power of retail landlords to increase rents.
Retail pros optimistic on outlook for 2025
Market experts weigh in on expectations for the year ahead
By Brandon Svec
CoStar Analytics
December 27, 2024 | 4:18 P.M.
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IN THIS ARTICLE
- Contacts
- Larry Sajdak
EVP, Director of Leasing, Inland Property Management & Leasing Group, Inc.
- Mark Gilbert
Vice Chair, Cushman & Wakefield
- Deena Zimmerman
Principal / Broker, Baum Realty Group, LLC
- Randy Blankstein
President, The Boulder Group