Leasing

Strong demand from renters has kept up with a high pace of new construction, allaying fears of overbuilding in the market.

Although more consumers are shopping online and many retailers are spending big bucks to beef up their e-commerce strategies, off-price retailers are aggressively expanding and proving to be resilient.

The national occupancy rate dropped to 81.7 percent during the months of April to June, a 79 basis point drop from the quarter before, according to a quarterly report from the NIC.

Research firm Yardi Matrix reports it has registered rent concessions in every one of the 133 markets it tracks.

Average daily rates are growing, but the increase is only barely keeping up with inflation.

The industry is seeing a shift in big retailers’ brick-and-mortar strategies as they experiment with different store formats.

Like other retailers, fast-fashion chains must adapt to a changing marketplace.