Blue West Resources

The retail market is facing strong demand despite limited supply, with major closures like adding 22 million square feet of new vacancies. Creative reuse is gaining traction as developers reimagine these spaces, while a recent Fed rate cut has sparked mixed reactions about its potential impact as we head into year-end.

The U.S. retail market is shifting, with tenant bankruptcies and store closures slowing. Demand for space is up, and retail availability is at historic lows, with only 4.8% available.

Entering 2024, the U.S. retail market is at its tightest in years, with high demand, limited new supply, and fewer bankruptcies and closures. Demand grew by over 42 million SF in the past year, led by food and beverage, discount, off-price, and experiential sectors.