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.
*photo courtesy of Paramount Realty.