Demand is not slowing in the retail sector despite inflating rents and occupancy costs, according to Margaret Caldwell, managing director and senior vice president at Northmarq.
"It has been amazing to see occupancy rates continue to increase," she tells GlobeSt.com.
"This trend began during the pandemic. Many shopping centers had vacancies for years prior to COVID-19 during a time when we experienced significant retailer bankruptcies and store closures due to retailers' downsizing.
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