CoStar: US retail asking rent growth slows to 1.9%, lowest in over decade

• CoStar analysis showed U.S. retail asking rent growth slowed to 1.9% year over year in Q1 2026, lowest pace in more than a decade.
• Vacancy loosened slightly, limiting landlords’ ability to raise rents as tenant sales growth moderated.
• Sun Belt markets still posted gains, but momentum cooled as asking rents reset to higher levels.
• Midwest outperformed, led by Minneapolis with 6.9% year-over-year rent growth.

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: 202604220900BIZWIRE_USPR_____20260422_BW634773) on April 22, 2026, and is solely responsible for the information contained therein.