Square footage of retail real estate in the U.S. 2023, by type

Published by Statista Research Department, May 29, 2024

Most of the retail real estate stock in the United States in 2023 was general retail space. That includes single-tenant freestanding commercial buildings with parking, such as drugstores, grocery stores, and street front urban retail stores. About 6.5 billion of the total 12 billion square feet of retail space fell in this category. This was also the retail real estate type with the lowest vacancy rate.

Total square feet of retail real estate in the United States in 2023, by type of property (in million square feet)

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Source

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Release date

February 2024

Region

United States

Survey time period

2023

Special properties

includes major markets only.

Supplementary notes

Figures have been rounded.

The source adds the following definitions:
General retail: consists of single-tenant, freestanding, general-purpose commercial buildings with parking.
Malls: includes Lifestyle Centers, Regional Malls and Superregional Malls.
Power centers: consists of several freestanding anchors with minimal small tenants, 250,000–600,000 sq. ft.

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