Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025
(in U.S. dollars per square foot)
Characteristic
Effective rent
Asking rent
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The average asking rent for retail real estate in the United States has increased steadily since 2020. In the first quarter of 2025, the average square footage asking rent reached U.S. dollars, while the average effective rent amounted to U.S. dollars. Nevertheless, rents varied greatly in different regions in the U.S. The Western region of the country had the highest rent for shopping center space.
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Moody's. (April 1, 2025). Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025 (in U.S. dollars per square foot) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1270865/retail-space-rent-usa/
Moody's. "Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025 (in U.S. dollars per square foot)." Chart. April 1, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1270865/retail-space-rent-usa/
Moody's. (2025). Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025 (in U.S. dollars per square foot). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1270865/retail-space-rent-usa/
Moody's. "Average Monthly Asking and Effective Rent of Retail Space in The United States from 4th Quarter 2020 to 1st Quarter 2025 (in U.S. Dollars per Square Foot)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Apr 2025, /statistics/1270865/retail-space-rent-usa/
Moody's, Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025 (in U.S. dollars per square foot) ÌÇÐÄÆƽâ°æ, /statistics/1270865/retail-space-rent-usa/ (last visited July 20, 2026)
Average monthly asking and effective rent of retail space in the United States from 4th quarter 2020 to 1st quarter 2025 (in U.S. dollars per square foot) [Graph], Moody's, April 1, 2025. [Online]. Available: /statistics/1270865/retail-space-rent-usa/
