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Colliers report: Dayton retail market slows in 2020, occupancy rates hold steady after big loss

Colliers International is reporting the fourth quarter's net absorption totaled 19,000 square feet, leaving the overall market vacancy rate unchanged at 10.6%.

Dayton Business Journal

After posting a loss of nearly 500,000 square feet during the first quarter of 2020, the Dayton-area retail market recorded three consecutive quarters of virtually no change in occupancy, according to a new report.

Colliers International is reporting the fourth quarter's net absorption totaled 19,000 square feet, leaving the overall market vacancy rate unchanged at 10.6%. Community and neighborhood centers recorded negative net absorption equaling 26,000 square feet; however, the regional center, strip center and big box sectors combined to record a net gain of 44,000 square feet during the final quarter of the year.

Read the full Dayton Business Journal article here.