{"id":37950,"date":"2020-11-24T21:04:26","date_gmt":"2020-11-25T02:04:26","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=37950"},"modified":"2021-02-12T16:00:10","modified_gmt":"2021-02-12T21:00:10","slug":"soaring-covid-19-cases-lockdowns-spell-trouble-for-retail","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/soaring-covid-19-cases-lockdowns-spell-trouble-for-retail\/","title":{"rendered":"Soaring Covid-19 Cases, Lockdowns Spell Trouble for Retail"},"content":{"rendered":"
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November 24, 2020 | Rayna Katz | GlobeSt.com<\/p>\n
As the coronavirus pandemic enters a new and deadly phase across the US, the retail sector appears poised to once again suffer losses as lockdown measures are stepped up.<\/p>\n
New York, New Jersey and New Mexico already have instituted tighter limitations in the wake of increased hospitalization and infection rates, according to a new report from Marcus & Millichap. A number of counties across California also have started cracking down on behaviors that could lead to virus spreading. In the near-term future, more spots are expected to enact restrictive orders.<\/p>\n
In addition, retail is entering this new phase in a weakened position with a vacancy rate that has climbed by 50 basis points to 5.5%. In fact, the vacancy for malls spiked in the third quarter to its highest level in two decades, according to research from Moody\u2019s Analytics REIS.<\/p>\n