originally posted in Chain Store Age magazine, 5/21/2020

CoStar, the commercial real estate research group, predicts that conditions put into play by COVID-19 will cause retail rents to plummet 13% to 15% year-over-year in 2020. The company’s April forecast had also predicted a steep drop, but a much lower one at 8% to 13%. CoStar consultant Robin Trantham cites all the vacant space as a big influence on this call. read more