U.S. Retail Asking Rent Growth Decelerated in the Third Quarter of 2026
Business Wire•26/10/2026•09:00 ET
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Key Highlights
- ➤National retail asking rent growth slowed to 1.6% in Q3 2026
- ➤Q3 growth fell from 2.3% last quarter and 2.9% year earlier
- ➤General retail properties slowed to roughly 1.0% annual rent growth
- ➤Cincinnati led major markets with 6.2% annual rent growth
- ➤Pittsburgh and San Diego rents declined 1.4% and 1.3%, respectively
Expert Statements
Brandon Svec, National director of retail analytics at CoStar Group
“The continued moderation in asking rent growth comes despite a second consecutive quarter of solid demand.”
Brandon Svec, National director of retail analytics at CoStar Group
“Tenant economics have increasingly set the ceiling on rent growth. With elevated operating costs and retailers becoming more selective with expansion plans, tenants have grown increasingly resistant to additional rent increases, particularly in discretionary categories where sales growth has not kept pace.”
U.S. Retail Asking Rent Growth Decelerated in the Third Quarter of 2026
U.S. retail asking rent growth decelerated in the third quarter of 2026, according to data from CoStar , a leading global provider of online real estate marketplaces, information and analytics in the property markets.
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