COVID Lasted Longer Than Expected. What Happened To Retail Space?
from the Atlanta Fed
In our last post, we observed some deterioration in office market fundamentals in the face of the COVID-19 pandemic. Office market vacancy rates increased notably while asking rents remained relatively unchanged from 2019. Did the retail market respond similarly? Due to mandatory business closures and the increase in e-commerce revenue, one might expect retail market vacancy rates to increase and asking rents to decrease.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202106060516
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