Retail Fundamentals Remain Positive

  • Net asking rents increased across all retail property segments on both an annual and quarterly basis, reflecting increased demand for retail space.

  • Net absorption totaled more than 9.3 million sq. ft. in Q1—5 million of which was in the Neighborhood, Community & Strip Center segment.
  • Total retail sales increased 3.2% year-over-year, driven by growth in the e-commerce (non-store retailers) and restaurants (Food Service & Drinking Places) categories.