- Absorption in retail continued its slide registering a negative 162,000 SF in the fourth quarter of 2020.
- Occupancy remains steady at 95%.
- Average asking rent increased from $20.25 to $20.50/SF quarter over quarter.
- Projects under construction increased by 100,000 SF + in Q4 with some 161,000 SF of new construction coming online in Q3 of 2020.
CBRE Research, Q4 2020.