Cushman & Wakefield MarketBeat reports analyze quarterly commercial real estate activity including supply, demand and pricing trends.
Access second quarter 2020 commercial real estate results for the retail sector by downloading our report.
The U.S. outdoor shopping center market recorded -7.7 million square feet (msf) of net absorption in Q2 2020, bringing the mid-year total to -12.2 msf. Although this reflects the largest giveback of space since 2009, the impact on vacancy and rents has thus far been moderate. Overall vacancy climbed 20 basis points in the quarter to 6.8% with overall asking rents for all classes of space unchanged from the prior quarter at $17.58 per square foot.