X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The US outdoor shopping center market recorded its largest return of space since 2009 during the second quarter of 2020, with 12.2 million square feet reabsorbed so far this year according to a new report from Cushman & Wakefield.

The report said despite the -7.7 million square feet absorption during Q2, “the impact on vacancy and rents has thus far been moderate.” It noted that overall vacancy rates went up by 20 basis points over the last quarter to hit 6.8 percent, and the overall asking rent for all space classes is at $17.58 per square foot, holding steady from the previous quarter.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Jacqueline Thomsen

Jacqueline Thomsen, based in Washington, is a reporter covering D.C. federal courts and the legal side of politics. Contact her at [email protected] and follow her on Twitter @jacq_thomsen.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.