Vacancy rates of shopping center real estate increased across all regions in the United States in the beginning of 2021, but decline as the economy started to recover from the impacts of the coronavirus pandemic. As of the first quarter of 2023, the South region had the lowest average vacancy rate at 5.1 percent. Meanwhile, the average for the country stood at 5.6 percent. Nashville, TN, Raleigh/Durham, NC, and Sarasota, FL, were the markets with the lowest vacancy rates at under three percent.
Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region
Characteristic
Midwest
Northeast
United States
West
South
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Cushman & Wakefield. (April 12, 2024). Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/
Cushman & Wakefield. "Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region." Chart. April 12, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/
Cushman & Wakefield. (2024). Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/
Cushman & Wakefield. "Vacancy Rate of Shopping Center Real Estate in The United States from 2020 to 2024, by Region." Statista, Statista Inc., 12 Apr 2024, https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/
Cushman & Wakefield, Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region Statista, https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/ (last visited September 01, 2024)
Vacancy rate of shopping center real estate in the United States from 2020 to 2024, by region [Graph], Cushman & Wakefield, April 12, 2024. [Online]. Available: https://www.statista.com/statistics/1200182/shopping-center-real-estate-vacancy-rate-usa-by-region/