Our Mission

Learn who we are and how we serve our community


Meet our leaders, trustees and team


Developing the next generation of talent

Coronavirus Resources

Find updates on COVID-19


Check out wide-ranging resources that educate and inspire

Global Public Policy

Learn about the governmental initiatives we support


Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

Virtual Community

Network, join industry discussions and find professional resources

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits


Retail centers post strong fundamentals in 2Q: Report

August 14, 2019

U.S. retail property fundamentals strengthened in the second quarter, thanks in part to improved consumer sentiment and to retailers’ robust expansion plans, according to a report from CBRE.

Average retail net asking rents increased on both an annual and quarterly basis, to $18.01 per square foot, reflecting increased demand for retail space.

Total retail net absorption remains positive

Retailers absorbed some 3.6 million square feet of retail space during the quarter, the firm reports. The supply of new retail space opening up has remained constrained, creating opportunities for redevelopment of existing properties, CBRE says. Total retail completions declined by 3.6 percent in the quarter, to about 5 million square feet.

Total retail completions

Total retail availability held steady quarter on quarter, at 6.2 percent, with grocery-anchored neighborhood, community and strip centers experiencing the highest demand among property types. The availability rate for the neighborhood, community and strip-center segment fell by 10 basis points in the second quarter, to 8.8 percent, continuing a downward trend that began in the first quarter of 2018. 

Availability rates by property segment

CBRE says it anticipates that these healthy fundamentals will hold steady. Low unemployment, rising wages and increased consumer spending, the firm says, all indicate a healthy second half ahead.

By Brannon Boswell

Executive Editor/SCT


ICSC's exclusive newsletter SCT puts retail real estate news and trends in the palm of your hand.

Sign up now