Despite concerns over higher costs hitting consumers and retailers in the second quarter, more retail space was occupied than was vacated for a 10th consecutive three-month period. Overall, demand for this property rose more than 10.5 million square feet in that quarter and has climbed 20.8 million square feet since Jan. 1.
Retail Demand Keeps Rising, but at a Much Slower Pace
Lack of Available Space Seen Contributing to Slowdown in Leasing Activity
By Brandon Svec
CoStar Analytics
August 25, 2023 | 7:52 P.M.
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