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US retail construction starts fall to lowest since at least 2016, CoStar says

PUBT·10/21/2026 13:02:49
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US retail construction starts fall to lowest since at least 2016, CoStar says
  • U.S. retail construction starts fell to 7.7 million square feet in Q3 2026, the lowest quarterly total since at least 2016.
  • Space under construction declined to 58.3 million square feet from 60.6 million in Q2, roughly 4% below its 10-year average.
  • Elevated development and financing costs pushed required rents above prevailing market levels for many retail formats, limiting new projects.
  • Dallas-Fort Worth, Houston and Austin accounted for 15.5 million square feet under construction, nearly 27% of the national pipeline.


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: 20261021543667) on October 21, 2026, and is solely responsible for the information contained therein.