Blue West Resources

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.

The U.S. retail space markets have displayed resilience, which can be attributed to steady demand across a diverse array of sectors, a significant reduction in store closures, and minimal new supply entering the market.