Shopping center property net absorption in the U.S. Q3 2019-Q1 2022
The net absorption of shopping center real estate in the United States saw drastic changes between the third quarter 2019 and the first quarter 2022. Many cities experienced an overall decline in the net absorption of shopping center real estate. This change could be explained by the effects of the COVID-19 pandemic, which has hit the United States real estate markets.
The net absorption is calculated by subtracting the sum of square feet that became vacant from the sum of squared feet that became occupied in a certain period of time. As of the first quarter of 2022, net absorption of shopping center properties in the U.S. was roughly 12.2 million square feet.
The net absorption is calculated by subtracting the sum of square feet that became vacant from the sum of squared feet that became occupied in a certain period of time. As of the first quarter of 2022, net absorption of shopping center properties in the U.S. was roughly 12.2 million square feet.
