National Retail Market Update

Colliers just sent out a brief report on the current state of the national retail market. The good news is Q4 showed signs of recovery, with positive absorption and retail rent collections up to 86%, a huge uptick since the heart of the pandemic. The bad news, 27.6 million square feet of negative absorption in 2020, 16,000 store closures and 110,000 restaurants have permanently closed. While European and Asian countries have a retail ratio of five square feet per capita, the United States retail per capita ranges from 23 to 35 square feet per capita.