The average asking rent for retail real estate in the United States has increased steadily since 2020. In the third quarter of 2024, the average square footage asking rent reached 21.85 U.S. dollars, while the average effective rent amounted to 19.15 U.S. dollars. Nevertheless, rents varied greatly in different regions in the U.S. The Western region of the country had the highest rent for shopping center space.
Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024
(in U.S. dollars per square foot)
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Moody's. (October 1, 2024). Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024 (in U.S. dollars per square foot) [Graph]. In Statista. Retrieved January 24, 2025, from https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed
Moody's. "Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024 (in U.S. dollars per square foot)." Chart. October 1, 2024. Statista. Accessed January 24, 2025. https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed
Moody's. (2024). Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024 (in U.S. dollars per square foot). Statista. Statista Inc.. Accessed: January 24, 2025. https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed
Moody's. "Average Monthly Asking and Effective Rent of Retail Space in The United States from 4th Quarter 2020 to 3rd Quarter 2024 (in U.S. Dollars per Square Foot)." Statista, Statista Inc., 1 Oct 2024, https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed
Moody's, Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024 (in U.S. dollars per square foot) Statista, https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed (last visited January 24, 2025)
Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 3rd quarter 2024 (in U.S. dollars per square foot) [Graph], Moody's, October 1, 2024. [Online]. Available: https://www.statista.com/statistics/1270865/retail-space-rent-usa/?__sso_cookie_checker=failed
