The net absorption of shopping center real estate in the United States declined between the first quarter of 2022 and the first quarter of 2024. Net absorption stands for the property area that became physically occupied minus the area that became vacant. In the first quarter of 2024, the net absorption in the South and West regions saw a negative value, meaning that that more space was vacated than newly occupied.
Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region
(in 1,000 square feet)
Characteristic
United States
Northeast
Midwest
South
West
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Cushman & Wakefield. (April 12, 2024). Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region (in 1,000 square feet) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/
Cushman & Wakefield. "Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region (in 1,000 square feet)." Chart. April 12, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/
Cushman & Wakefield. (2024). Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region (in 1,000 square feet). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/
Cushman & Wakefield. "Net Absorption of Shopping Center Real Estate in The United States from 1st Quarter 2021 to 1st Quarter 2024, by Region (in 1,000 Square Feet)." Statista, Statista Inc., 12 Apr 2024, https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/
Cushman & Wakefield, Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region (in 1,000 square feet) Statista, https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/ (last visited August 25, 2024)
Net absorption of shopping center real estate in the United States from 1st quarter 2021 to 1st quarter 2024, by region (in 1,000 square feet) [Graph], Cushman & Wakefield, April 12, 2024. [Online]. Available: https://www.statista.com/statistics/1200190/shopping-center-real-estate-net-absorption-usa/