Shopping center property net absorption in the U.S. 2021-2024, by region
The net absorption of shopping center real estate in the United States declined between the first quarter of 2022 and the first quarter of 2024. Net absorption stands for the property area that became physically occupied minus the area that became vacant. In the first quarter of 2024, the net absorption in the South and West regions saw a negative value, meaning that that more space was vacated than newly occupied.