-Despite the concerns surrounding COVID-19, Tulsa retail had a solid first half seeing positive absorption and a slight increase in occupancy. Strong leasing velocity in January and February, prior to stay-at-home orders helped contribute to this.

-As retail reopens, fitness concepts are re-emerging with pent-up demand while soft goods retailers are exploring pop-up shops to unload excess inventory due to the COVID-19 shut down.

-Restaurants lacking drive-thrus have also been suffering significantly. However, on a positive note, 2 out of the 3 Village Inn restaurants that have closed since the start of the pandemic went under contract quickly to new restaurant concepts entering the market.

-COVID-19 is ramping up in states that were quick to reopen. Although a significant uptick in cases that pummels consumer confidence is a risk, it is quite plausible that a mild escalation of COVID-19 can coincide with pent-up consumer demand that restrains economic losses this year to a fall in GDP of just over 6%.