Retail real estate registered a slight uptick in conditions in the fourth quarter of 2020, according to a new outlook on the sector from JLL, and a few major markets across several key US regions are poised to come out on top. 

When it comes to retail’s recovery, location is king. JLL notes that the pandemic has created winners and losers: “essential retailers continue to be crucial for day-to-day life, and discretionary retailers struggle with closures and consumers’ tightening budgets,” the report says. “But there is another bifurcation taking place—one of location.”

 

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