Analysis

Right now most leases are rolling over at the same level and/or at the same rate, according to Moody's Analytics REIS.

They also plan to stay in the same city instead of moving to a new location.

Sellers and brokers are using the market as their pricing mechanism to begin negotiations.

Phoenix, Seattle, Nashville, Salt Lake City and Las Vegas join the list, which highlights markets that are expected to outperform the nation.

But more jobs will be created to backfill the lost office space, he also says.

Still, rent payments are lagging what they were a year ago.

Still normal activity will be possible by the end of this year or in 2022.

Previous stimulus measures sparked an increase in retail spending and helped keep tenants up to date on rent.