Quarterly shopping center net absorption in the U.S. 2019-2024, per quarter
The net absorption of shopping center real estate in the United States saw drastic changes between the third quarter 2019 and the first quarter 2024. Many cities experienced an overall decline in shopping center demand. The net absorption is calculated by subtracting the sum of square feet that became vacant from the sum of square feet that became occupied in a certain period of time. In the first quarter of 2024, the net absorption of shopping center properties in the U.S. was negative 1.15 million square feet.