2020 started off on a positive note, then in mid-March our world was sent into a COVID tailspin. The near-term impact was negative oil prices, adoption of working from home, mandated lock downs, and general fear of the unknown. Big and small businesses alike were forced to deal with the “new reality” and while some reacted quickly, others took a wait and see approach.
Vacancy is at an all time high with an annual negative absorption of just over 1M square feet. Download our report to read about what trends we saw this past year and what we are expecting for 2021.