Metro areas across the Midwest, Southwest, and Southeast are leading a recent uptick in retail asking rents, with national figures hovering 2.7% above where they were a year ago and strip centers standing out as the highest year-over-year increase at 3.4%. 

New research from the National Association of Realtors shows that cities like Akron, Las Vegas, Tulsa, Salt Lake City, Ft. Lauderdale, Atlanta, Nashville, Tampa, and Cincinnati showed the strongest year-over-year rent gains. Meanwhile, San Francisco, New Haven, and St. Louis all showed negative changes in asking rents compared to 2020 levels. 

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