Average U.S. shopping center rent U.S. by market 2024

The average monthly asking rent for shopping centers in the leading U.S. markets in 2024 ranged between 13 and 48 U.S. dollars per square foot. In the first quarter of the year, Hawaii had the most expensive rent, at 48.03 U.S. dollars per square foot. Overall, rents were the highest in the West region.

Average monthly asking rent for shopping center space in the retail real estate market in the United States in 1st quarter 2024, by market (in U.S. dollars per square foot)

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Release date

April 2024

More information

Region

United States

Survey time period

Q1 2024

Supplementary notes

Figures are provisional.

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