Net absorption of retail real estate—actual move-ins—will total 20 million sq. ft. in the second quarter according to JLL’s “Retail Outlook” for the remainder of 2021.
Bloomingdale, Illinois’ Stratford Square Mall has a vacancy rate of 69%. Its owner is doing little to reverse it, so village officials have stepped in to help reinvigorate the 1.3 million-sq.-ft. property.