The retail market is the property division that is generally delivering the strongest results among the four leading asset types, according to In Marcus & Millichap's look at first-quarter fundamentals data.
Multi-tenant retail space absorption in the first quarter totaled 1.4 million square feet, which is about half of the new construction total for the quarter.
Absorption was positive in more than half of the major markets nationwide, led by Houston, Dallas-Fort Worth, New York, Cincinnati, and Kansas City.
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