The U.S. retail market, once constrained by high demand and limited supply, is seeing a shift as space availability loosens. After gaining about 12.5 million square feet this year, retail space availability has reached 4.8%, the highest in two years. Much of this space is in community and power centers, which have been in high demand.
This shift is largely due to a rise in store closings and retailer bankruptcies, which surged in 2024. Store closures more than doubled compared to 2023, as inflation pressures and cost-conscious consumers led many retailers to deplete their financial reserves, contributing to the increase in available retail space.
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory, and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about healthcare, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
WCRE is a full-service CORFAC International brokerage, and advisory firm that provides a full range commercial real estate listings, services and property management services for landlords, owners, investors, tenants and more.
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