2019 National Retail Occupancy

Year-over-year retail vacancy rate percentages compared nationally and by region, updated quarterly.

Vacancy rate

Source: CoStar Group Inc.

Vacancy rates for retail markets remained flat or slightly increased in almost every region in the first quarter. Rates were up 20 basis points in the Northeast and 10 basis points in the Midwest. The only drop came from the West (down 10 basis points). Vacancy rates remained unchanged in the South. On a national level, vacancy rates didn’t register any changes compared to the first quarter of 2018 but decreased by 10 basis points compared to the same interval in 2017. Vacancy rates for the first quarter of 2020 are expected to decrease in almost every region, dropping 10 basis points on a national level. Rates in the West are projected to decrease the most (down 30 basis points), followed by the Midwest (down 10 basis points) and the South (also down 10 basis points). Vacancy rates in the Northeast are expected to remain unchanged at 4.1 percent.

—Posted on June 20, 2019