Retail continues to ride a post-pandemic wave that “has not let up yet,” according to researchers from Cushman & Wakefield, who say shopping enter tenants will continue to seek out high-quality locations amid limited supply.

Retail vacancy in shopping centers clocked in at 5.7% in Q4, with 10.4 million square feet of net absorption and asking rents just south of $23 psf. Around 12.6 million square feet is under construction nationally, according to Cushman & Wakefield.

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