Shopping center property net absorption in the U.S. Q1 2024, by market

Published by Statista Research Department, Apr 24, 2024

Minneapolis, was the market with the highest absorption rate for shopping center real estate in the first quarter of 2024. Approximately 320,700 square feet of shopping center floor space was absorbed in Minneapolis. 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. A negative figure shows that more space was vacated than occupied. In the U.S., the shopping center absorption turned negative in the first quarter of 2024.

Net absorption of shopping center real estate in the United States in the 1st quarter 2024, by market (in 1,000 square feet)

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Release date

April 2024

Region

United States

Survey time period

Q1 2022 and Q1 2023

Supplementary notes

Provisional values

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