Shopping center property vacancy rate in the U.S. 2020-2024, by region

Published by Statista Research Department, Apr 19, 2024
Vacancy rates of shopping center real estate increased across all regions in the United States in the beginning of 2021, but decline as the economy started to recover from the impacts of the coronavirus pandemic. As of the first quarter of 2023, the South region had the lowest average vacancy rate at 5.1 percent. Meanwhile, the average for the country stood at 5.6 percent. Nashville, TN, Raleigh/Durham, NC, and Sarasota, FL, were the markets with the lowest vacancy rates at under three percent.

Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region

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Release date

April 2024

Region

United States

Survey time period

2020 to 2024

Special properties

as of Q1 of each year

Supplementary notes

* Values are provisional.

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Topics

Shopping centers in the United StatesDollar Stores in the U.S.Commercial real estate in the U.S.Department Stores in the U.S. High street retail in the United Kingdom (UK)
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