2019 National Retail Absorption
- Jun 20, 2019
Net absorptions fell for retail markets on a year-over-year basis in every region in the first quarter of 2019, according to CoStar Group data. The most notable change came from the Northeast, down by 52.8 percent, followed by the Midwest (down by 52.2 percent), the West (down by 44.9 percent) and the South (down by 28.9 percent). Retail net absorptions decreased by 40.4 percent on a national level. Compared to the same period in 2017, national rates dropped by more than half (down by 58.2 percent). Forecasts for the first quarter of 2020 show that retail net absorptions are projected to increase in every region. The most substantial growth—almost doubling—is expected to come from the Northeast (up by 97.1 percent), followed by the West (up 50 percent) and the Midwest (43.7 percent increase). The smallest change is expected to come from the South (up 20 percent). Net absorption rates are expected to increase by 38.2 percent on a national level.
—Posted on June 20, 2019