The vacancy rate of shopping centers in the United States has declined since 2020, after rising slightly due to the COVID-19 pandemic. In the first quarter of 2025, approximately 5.5 percent of shopping center real estate was vacant. Certain regions, such as Texas/South Central, had higher vacancy rates, while in others, such as the Northeast, the share of vacant properties was lower.
The vacancy rates of shopping center real estate in the United States varied between different cities. Nashville, TN topped the list with the lowest vacancy rate of 2.4 percent in the final quarter of 2024. At the same time, cities such as Montgomery, AL, Rochester, NY, New Haven, CT, saw vacancy rates above nine percent. Across different types of retail real estate, freestanding retail had the highest occupancy rate in 2024.
The average vacancy rate for shopping centers in Texas has declined since 2020, after rising under the effects of the COVID-19 pandemic. El Paso and Austin had the lowest vacancy rates at 3.3 percent and 4.2 percent in the first quarter of 2024. This was lower than both the national average and the average for the South region.
Freestanding retail real estate in the United States had the highest occupancy rate in the fourth quarter of 2024, at **** percent. This was *** percent higher than the average for the retail real estate sector. Malls, life centers and outlet centers had the highest vacancy, with **** percent of space occupied.
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Graph and download economic data for Rental Vacancy Rate in the United States (RRVRUSQ156N) from Q1 1956 to Q1 2025 about vacancy, rent, rate, and USA.
Vacancy rates of shopping center real estate increased across all regions in the United States at the beginning of 2021, but declined as the economy started to recover from the impacts of the coronavirus pandemic. As of the first quarter of 2025, the South region had the lowest average vacancy rate at 5.2 percent. Meanwhile, the average for the country stood at 5.5 percent. Nashville, TN, Raleigh/Durham, NC, and Sarasota, FL, were the markets with the lowest vacancy rates at under three percent.
The vacancy rate of office real estate in the United States was higher than of any other property type in 2025. In the first quarter of the year, approximately ** percent of office real estate was vacant, compared to **** percent of multifamily. Shopping centers and industrial property had the lowest vacancy rates, at *** percent and ***** percent, respectively.
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Vacancy rates by industry in the UK in April to June 2021 and April to June 2022. Vacancy rates in this dataset are calculated as the number of vacancies per 100 jobs. This definition is different to the vacancy rates published in the monthly Vacancies and jobs in the UK bulletin.
In 2023, the highest vacancy rate of retail space in Poland was recorded in Pozan, amounting to 4.4 percent. TriCity followed with over four percent of free space.
This statistic shows the vacancy of shops for three main location types across Great Britain in 2015. Shopping centers currently have the highest vacancy rate with 14.1 percent of shops being vacant.
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Norway Job Vacancy Rate: Trend Cycle: Domestic Trade, Car Repair Shop data was reported at 2.600 % in Dec 2024. This records a decrease from the previous number of 2.700 % for Sep 2024. Norway Job Vacancy Rate: Trend Cycle: Domestic Trade, Car Repair Shop data is updated quarterly, averaging 1.800 % from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 4.600 % in Mar 2023 and a record low of 1.300 % in Dec 2016. Norway Job Vacancy Rate: Trend Cycle: Domestic Trade, Car Repair Shop data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.G031: Job Vacancies: Statistics Norway.
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Norway Job Vacancy Rate sa: Prev Quarter Change: Domestic Trade, Car Repair Shop data was reported at -0.300 % Point in Dec 2024. This records a decrease from the previous number of 0.000 % Point for Sep 2024. Norway Job Vacancy Rate sa: Prev Quarter Change: Domestic Trade, Car Repair Shop data is updated quarterly, averaging 0.000 % Point from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 1.300 % Point in Dec 2022 and a record low of -0.900 % Point in Mar 2010. Norway Job Vacancy Rate sa: Prev Quarter Change: Domestic Trade, Car Repair Shop data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.G031: Job Vacancies: Statistics Norway.
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The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.
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The shops in the city centre are listed in OpenStreetMap by the CCPRO in order to work on the commercial vacancy of the municipalities. This information is then retrieved and analysed. Here you will find the perimeters defined by the CCPRO to carry out the inventory of commercial activities. The present information is: * the name of the zone; * the municipality in which it is located; * the number of craftsmen, shops, services and offices; * the number of vacant premises; * the number of vacant premises belonging to the municipality (crossing with the cadastre); * calculations of vacancy rates (total and municipal); Update on 26/11/2019
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Shopping mall management servicers continue to endure amid favorable trends in the commercial real estate market and niche shopping mall demand from older-aged customers. Despite sharp volatility amid inflationary spikes in 2022 and the continued impact of elevated interest rates on retailers’ balance sheets, shopping malls continue to be a reliable outlet for in-person shoppers. The rebound in macroeconomic conditions and continued acceleration of disposable income following a sharp 6.2% decline in 2022 provided greater flexibility for customers to resume in-person activities and brick-and-mortar retail shopping. Higher rental costs of commercial spaces hampered smaller retail clients, but also boosted collective rental and property management fee income, particularly within lucrative metropolitan areas like Miami and New York. However, national growth was dampened by a growing popularity of online-based retailers such as Amazon, causing many customers to pivot toward e-commerce channels. Revenue grew at a CAGR of 1.0% to an estimated $24.7 billion over the past five years, including an estimated 0.3% boost in 2025 alone. As e-commerce services expanded nationally, foot traffic at shopping malls continued to slow down. Nonetheless, this slowdown was dampened, as shopping mall developers transformed shopping malls by adding an experiential factor, such as cinemas, restaurants and playgrounds. Despite the threat of falling retail leasing, shopping mall managers still generate a growing proportion of revenue from the rental of other commercial spaces. Elevated interest rates, which sit at 4.3% as of May 2025, also significantly harmed management companies by curtailing smaller retailers’ disposable incomes while making maintenance costs more expensive for existing facilities. Larger companies with more robust mall facilities were forced to pay more for upkeep and new modernization projects, causing profit to tumble. Moving forward, shopping mall management companies will benefit from economic stabilization and anticipated relief with slumping interest rates. Nonetheless, the significant rise of online shopping will persistently drive many brick-and-mortar retailers out of malls, reducing the number of potential tenants for existing management companies. However, as shopping mall managers put more effort into diversifying their customer portfolio away from sole retail and department stores, demand for shopping malls will remain reliant on the type of experiential facilities offered. Larger companies, such as Kimco Realty Corp., will also prioritize strategic acquisitions to target growing regional markets and expand their retail footprint. Revenue is expected to inch upward at a CAGR of 0.6% to an estimated $25.4 billion through the end of 2030.
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Norway Job Vacancy Rate sa: Domestic Trade, Car Repair Shop data was reported at 2.500 % in Dec 2024. This records a decrease from the previous number of 2.800 % for Sep 2024. Norway Job Vacancy Rate sa: Domestic Trade, Car Repair Shop data is updated quarterly, averaging 1.850 % from Mar 2010 (Median) to Dec 2024, with 60 observations. The data reached an all-time high of 4.700 % in Mar 2023 and a record low of 1.100 % in Mar 2016. Norway Job Vacancy Rate sa: Domestic Trade, Car Repair Shop data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.G031: Job Vacancies: Statistics Norway.
This database automatically captures metadata sourced from the GOVERNMENT OF THE REPUBLIC OF SLOVENIA STATISTICAL OF SLOVENIA REPUBLIC OF SLOVENIA and corresponding to the source database entitled “Jobs, occupied posts and job vacancy rate by areas of activity B to S [NACE Rev. 2)], seasonally adjusted data, Slovenia, quarterly”.
Actual data are available in Px-Axis format (.px). With additional links, you can access the source portal page for viewing and selecting data, as well as the PX-Win program, which can be downloaded free of charge. Both allow you to select data for display, change the format of the printout, and store it in different formats, as well as view and print tables of unlimited size, as well as some basic statistical analyses and graphics.
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Retail property operators in Australia have endured highly volatile trading conditions over the past five years, as shifting consumer preferences and economic volatility have shaped a turbulent landscape. The rapid rise of ecommerce has contributed to a steady decline in demand for traditional retail space, prompting tenants to reassess their store portfolios and, in many cases, reduce their physical footprints. Segmentation across the market has increased: many prime locations have remained in high demand, supported by resilient consumer traffic, while secondary and legacy centres have faced elevated vacancies and downwards pressure on leasing terms. Major operators like Scentre Group have concentrated capital expenditure on refurbishments, sustainability initiatives and large-scale premiumisation, reinforcing their appeal to top-tier tenants seeking modern, energy-efficient premises and amenities. Overall, industry revenue is expected to have risen at an annualised 2.3% over the past five years to total $37.2 billion in 2024-25, when revenue is anticipated to grow 2.4%. High interest rates and cost-of-living pressures have influenced the industry’s performance, as consumers have reined in discretionary spending and retailers have hesitated to expand. These headwinds have made asset quality and operational excellence critical. Upgraded centres with strong anchor tenants (like major supermarkets Coles and Woolworths) and strategic locations continue to attract healthy tenant demand, in contrast to weaker performing assets, which have been exposed to persistent vacancies. The trend towards omnichannel retailing, with operators integrating click-and-collect and logistics support, has offset challenges related to increased online sales, particularly in lifestyle-oriented suburban centres that have maintained foot traffic and occupancy rates. Meanwhile, operators have been diversifying their income streams – like turnover rents, parking and management services – and leveraging technological efficiencies in property management to support profit margin growth, even as overall conditions remain volatile. Looking ahead, the industry operators will face a more challenging environment. Intensifying ecommerce growth and persistent cost pressures are set to limit broad-based expansion, placing greater emphasis on portfolio quality, tenant retention and adaptable leasing structures. While operators that focus on mixed-use redevelopment and advanced sustainability standards will be better positioned to weather these headwinds, legacy and underinvested properties may face rising vacancies and stiffer competition. Overall, industry revenue is projected to contract at an annualised 1.4% over the five years through 2029-30 to $34.7 billion.
In 2024, the vacancy rate of shopping centers operated by Unibail-Rodamco-Westfield (URW) in the United States stood at 7.2 percent. Meanwhile, the vacancy rate of malls in Central Europe rested at 1.4 percent.
The vacancy rate of shopping centers in the United States has declined since 2020, after rising slightly due to the COVID-19 pandemic. In the first quarter of 2025, approximately 5.5 percent of shopping center real estate was vacant. Certain regions, such as Texas/South Central, had higher vacancy rates, while in others, such as the Northeast, the share of vacant properties was lower.