It has been a brutal half-decade for retail owners amid record-breaking retailer bankruptcies and a pandemic that brought in-person shopping to a temporary halt. But the fundamentals of retail real estate are looking better now that at any point in over a decade, according to a new report. Retail availability nationwide is at its lowest level since before the Great Recession, according to a new CoStar analysis. Asking rents are growing faster than they have in more than 10 years as the pace of new construction hits record lows and retail demolition speeds up.
REPORT: National Retail Availability Hits Lowest Level Since Great Recession
*photo courtesy of Paramount Realty.