2019 National Retail Absorption

Year-over-year retail market conditions compared nationally and by region, updated quarterly.

In MSF

Source: CoStar Group Inc.

Year-over-year, net absorption rates for retail markets fell in the second quarter of 2019 by 47.4 percent on a national level, according to CoStar Group data. Compared to the same interval in 2017, national rates dropped by 57.5 percent. Regionwide, the most considerable drop on a year-over-year basis came from the Northeast, where absorption decreased by 63.5 percent. Net absorption inched down by 57.1 percent in the West, followed by the Midwest with a 48 percent drop. Net absorption rates decreased by 37.6 percent in the South. Forecasts for the second quarter of 2020 are positive, showing that retail net absorption rates are projected to increase in every region. The most significant growth is expected to come from the Northeast (up by 173.6 percent), followed by the West (up 95 percent). Absorption rates are expected to rise by 51.5 percent in the Midwest and by 32.8 percent in the South. Net absorption rates are expected to grow by 60.4 percent on a national level.

—Posted on Sept. 30, 2019


In MSF

Source: CoStar Group Inc.

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