With workers only venturing into the office a few days a week, it's no surprise that spending is being re-directed to retail districts closer to where people live, according to a new report from CBRE.
This has resulted in an uptick in CBD retail availability in US central business districts, which now exceeds that of suburban space for the first time since 2006.
Suburban availability has fallen, according to the report, upending a well-established pre-pandemic trend whereby urban and suburban fundamentals were closely correlated, the report said.
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