Noticeable Demand Returning
After three consecutive quarters of negative absorption, the Central Florida retail market bounced back. The start of the third quarter of 2020 nearly paralleled the activity experienced during the second quarter, with retailers remaining hesitant to reopen, minimal tours or sales occurring and consumers weary of the unknown climate created by the pandemic. As COVID 19 related government restrictions began to ease, a noticeable acceleration of activity, by tenants and investors, shined through as the quarter progressed.
