Retail real estate vacancy rates in the U.S. 2021-2023, by type

Published by Statista Research Department, Apr 30, 2024

The vacancy rates for retail real estate in the United States declined between 2021 and 2023. As of the fourth quarter of 2023, general retail properties had the lowest vacancy rate, at 2.5 percent. Conversely, malls had the highest share of vacant space, at 8.5 percent. 

Retail real estate vacancy rates in the United States from 2021 to 2023, by type of property

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Release date

February 2024

Region

United States

Survey time period

2021 to 2023; as of Q4 of each quarter

Special properties

includes major markets only.

Supplementary notes

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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