Figures
Q4 2021 US Retail Figures
U.S. Retail | Q4 2021
January 24, 2022 1 Minute
Executive Summary
- The overall availability rate fell by 30 basis points (bps) in Q4 to a 10-year low of 5.6%, a decrease of 1 point from a year ago.
- Net absorption of 20.6 million sq. ft. in Q4 marked the fifth consecutive quarter of positive demand.
- New supply in Q4 fell 59% year-over-year to just 4.5 million sq. ft., contributing to the lowest annual level in a decade.
- Average asking rent increased by 1.6% year-over-year to $21.87 per sq. ft., as prime space grew scarce.