U.S. Retail Supply Is Tightening, But Few Developers Plan To Build New Product

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U.S. Retail Supply Is Tightening, But Few Developers Plan To Build New Product
 
Published Wednesday, June 10, 2026 11:00 am
by Billy Wadsack

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"The retail industry successfully weathered a pair of significant storms in the rise of e-commerce and the 2020 pandemic, but it faces a fresh challenge as the country deals with tariffs and elevated interest rates that have made new construction unfeasible for much of the industry. 

A flurry of first-quarter closures pushed the U.S. retail sector to negative absorption of 4.4M SF after two straight quarters of increasing occupied space, according to JLL’s latest market dynamics report. That has led to a point where the portfolios of most major retail landlords across the country are full, but the historic urge to build seems unlikely, according to Danny Finkle, JLL senior managing director and co-head of the firm's Miami office."

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U.S. Retail Supply Is Tightening, But Few Developers Plan To Build New Product | Bisnow

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U.S. Retail Supply Is Tightening, But Few Developers Plan To Build New Product | Bisnow

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U.S. Retail Supply Is Tightening, But Few Developers Plan To Build New Product

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