Washington Dc Retail Marketview Q2 2021
September 7, 2021
- Falling Vacancy: Despite the recent rise in new COVID infections, brick-and-mortar retail continues to recover. In Q2 2021, the region posted more retail openings than closures.
- East of the River: Multiple mixed-use projects have broken ground East of the Anacostia River, a traditionally underserved area on its way to have its first Lidl opening early 2022.
- Restaurants Bullish: As the most active retailer segment, 104 national and regional restaurant operators, mostly in the quick-service category, are currently seeking space in the market.
- Capital Markets Reactivated: Investment sales activity rebounded with more than $247 million of transactions in Q2, more than double of the $112 million from the same time last year.