Analysis

April's increase was the third-largest on record.

Online grocery sales dropped nearly 16% in May year over year but are still three times the total from August 2019.

Leasing activity in the second quarter totaled 1.1 million square feet, more than twice the previous quarter, showing early signs that a recovery is underway.

The spike in activity wrought by the COVID-19 pandemic is one example of a misleading indicator.

Mixed-use properties are commanding higher rents, according to a CoStar study of 37 malls.

"We cannot overlook the little local details in the post-pandemic recovery. The variance from market to market is just too significant."

The affordability gap will probably be worse next year.

The sublease market in Downtown Seattle had a net contraction of nearly 100,000 square feet in May for the first time since January.