Retail Market Rankings: Q2 2020

 

 

Asking and effective rents for neighborhood and community shopping centers fell, by 0.5% and 0.6%, respectively. That may seem relatively small given the kind of economic distress we’ve experienced – as well as the swath of retail brick and mortar challenges we read about seemingly every day. This can be at least partially explained by the fact that these retail subtypes include the types of centers that have groceries and pharmacies as anchor tenants, and therefore experienced a boost in demand as households began to stock up.


 

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