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What to Watch in 2024: Retail Space Market Likely To Stay Tight

Minimal New Supply, Growing Demand from Value- and Service-Oriented Tenants Underpin Sector’s Outlook
CoStar Analytics
December 27, 2023 | 7:02 P.M.

The U.S. retail space market will enter 2024 with the tightest conditions on record. A mere 4.6% of retail space was listed as available across the country as of December 2023, the lowest level recorded since CoStar began tracking all metropolitan statistical areas in 2007.

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