Report Shows Rebound in Retail Foot Traffic

By the third quarter of this year, retail foot traffic in prime areas could reach pre-pandemic levels, and foot traffic could surpass these levels by 2025, according to a CBRE report. In addition, the report notes that "anecdotal evidence suggests that tenant/landlord negotiations are now occurring three to four years in advance of lease expirations, which is one of several factors that have shifted the market in favor of landlords. To read the full article by Philippa Maister, please visit globest.com.