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U.S. RETAIL MARKETBEAT REPORT Q1 2021

Commercial Real Estate Services » U.S. RETAIL MARKETBEAT REPORT Q1 2021

On May 10th, 2021

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Market Reports

U.S. RETAIL MARKETBEAT REPORT Q1 2021

After a challenging 2020, retail market conditions improved in the first quarter of 2021. As the quarter unfolded, government stimulus payments were distributed and vaccinations accelerated, shoppers became more active and the retail sector began to improve. Net absorption registered at -740,000 sf—by far the smallest negative absorption recorded since the pandemic first began and leasing activity while down slightly at 25 million square feet (msf) was above the Q2 2020 low. Retail vacancy rose just 10 basis points (bps) from the prior quarter to 7.3%

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