While the impact of tariffs began to affect the US economy in Q1, with GDP falling by 0.3%, retail space occupancy rates did not improve.
In the U.S.A., the rate of available retail space reached a record high in Q1 2025, at 4.8% at the end of March 2025, according to CoStar Group, a commercial property data specialist. This represents an additional 1.1 million sq.m of available retail space at the end of March, the highest level recorded in the last 2 years. Of the 143 U.S. areas surveyed, 55% reported an increase in retail vacancies, compared with 41% a year earlier. Large stores exceeding 2,300 sq.m were particularly...
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