We all saw some of our favorite stores and neighborhood establishments shut down for much of last year. Most stores were closed due to government mandated lockdowns related to the pandemic, which led some to permanently close for economic reasons.
So, how did the retail sector fare during this time?
Surprisingly, it appears that the overall retail numbers may have fared better than the office sector, though part of it depends on the size of the firm and if it is national in scope. Here the Atlanta Fed reviews the retail market vacancy rates in cities across the nation during the pandemic, and in the time leading out of it.
As we recover from the effects of the pandemic, remember to consider your neighborhood shops!
~ Brian Kasal- The Leadership Matrix
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