2018 National Retail Occupancy

Year-over-year retail vacancy rate percentages compared nationally and by region, updated quarterly.
Source: CoStar Group Inc.

Vacancy rates dropped slightly for retail markets year-over-year in the West (down by 40 basis points) and the Northeast (down by 10 basis points). Vacancy rates remained unchanged in the Midwest and the South. On a national level, vacancy rates decreased by 10 basis points compared to the third quarter of 2017 and decreased by 20 basis points compared to the same period in 2016. Vacancy rates for the third quarter of 2019 are projected to decrease in almost every region, dropping 20 basis points on a national level. Rates in the West are expected to decrease the most, down by 30 basis points, followed by the Midwest and the South (both down by 20 basis points). Vacancy rates in the Northeast are expected to increase by 20 basis points.

—Posted on Dec. 14, 2018


Source: CoStar Group Inc.

Vacancy rates dropped slightly for retail markets year-over-year in some regions, with the biggest change recorded in the West, down by 5.6 percent in the second quarter of 2018. Vacancy rates decreased by 1.8 percent on a national level, compared to the first quarter in 2017, and by 7.3 percent compared to the same period in 2016. Vacancy rates decreased by 2.3 percent in the Midwest, but slightly increased in the Northeast (30 basis points) and the South (10 basis points). Vacancy rates for retail markets are projected to decrease in almost every region, dropping by 3.6 percent on a National level. Rates in the West are expected to decrease the most, down by 5.1 percent, followed by the Midwest (down by 4.7 percent) and the South (down by 4.4 percent). Vacancy rates in the Northeast are expected to grow by nearly 2 percent.

—Posted on Sep. 13, 2018


Source: CoStar Group Inc.

Vacancy rates dropped slightly for retail markets year-over-year in almost every region, with minor changes registered in the West from 5.3 percent to 5.0 percent, and in the Midwest from 5.3 percent to 5.1 percent in the first quarter of 2018. Vacancy rates remained unchanged on a national level, compared to the first quarter in 2017, but declined by 60 basis points compared to the same period in 2016. Year-over-year, vacancy rates in the South remained unaltered year-over-year.

Vacancy rates for retail markets are projected to decrease in every region, dropping by 10 basis points on a National level. Rates in the West are expected to decrease by 30 basis points, followed by the Midwest (down by 20 basis points) and the South (down by 10 basis points). The only forecasted growth is projected to take place in the Northeast, where rates are estimated to increase by 10 basis points.

—Posted on June 19, 2018


Source: CoStar Group Inc.

Vacancy rates remained mostly unchanged for retail markets year-over-year, with minor shifts registered in the Midwest, down 10 basis points to 5.3 percent, and in the West down 20 basis points to 5.0 percent in the fourth quarter of 2017. On a national level, vacancy rates registered a very slight decrease of 10 basis points compared to the fourth quarter in 2016, and down 70 basis points compared to the same period in 2015. Vacancies remained flat year-over-year in the Northeast, and dropped 1.0 percent in the South. Forecasts for the fourth quarter of 2018 show vacancy rates for retail markets are expected to decrease slightly or remain unchanged in some regions, down 10 basis points on a National level. Vacancy rates in the Midwest and the West are expected to drop 20 basis points, followed by the South with a 10-basis-point decrease.

—Posted on Mar. 20, 2018


Source: CoStar Group Inc.

Vacancy rates for retail markets are expected to decrease slightly or remain flat in some regions, dropping by 0.1 percent on a National level. Vacancy rates in the Midwest are expected to fall only by 0.2 percent, followed by the South and the West (0.1 percent for each region).

—Posted on Dec. 30, 2017