CoStar: US retail space under construction falls to 64 million sq ft in Q1

Reuters04-07
CoStar: US retail space under construction falls to 64 million sq ft in Q1
  • CoStar data showed U.S. retail construction activity fell in Q1 2026, signaling supply growth remains constrained.
  • Retail space under construction totaled 64.2 million square feet, down from about 70 million square feet a year earlier.
  • Pipeline remained well below 10-year average above 90 million square feet, keeping activity near multi-decade lows.
  • Higher land prices, construction costs, interest rates lifted required rents above prevailing market levels, limiting new project viability.
  • Dallas, Houston, Austin led construction volumes, with much of space pre-leased in those high-growth Southern markets.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoStar Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260407589231) on April 07, 2026, and is solely responsible for the information contained therein.

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