The U.S. retail market showed signs of recovery in third quarter 2025, with a positive net absorption of 4.7 million square feet following two quarters of decline, according to JLL. This marks a period of stabilization as the sector adjusts to recent store closures amid limited new construction. With development activity at historic lows and demolitions reducing outdated space, retailers looking to expand are facing a shortage of available locations. Some of this demand is being met by previously vacated properties. New store openings are being led mainly by quick-service restaurants and dollar stores, which continue to favor smaller formats.
To read the full report, click here.
