The Puget Sound region has seen the largest drop in retail inventory over the past five years of any U.S. retail market. The amount of space in retail buildings decreased by more than 1.5 million square feet from 2020 through 2024. That shrinkage represents just shy of a 1% decrease in the overall retail inventory in the region over that period.
This area has the fastest-shrinking retail capacity in the nation
Over the past five years, the Puget Sound region has lost 1.5 million square feet of space
CoStar Analytics
December 31, 2024 | 4:12 P.M.
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