Amazon and other e-commerce companies experienced exploding online sales during the COVID-19 pandemic. Conversely, the related lockdowns, masking, social distancing rules, and fear of contracting the virus, dramatically reduced the amount of in-person shopping done at brick-and-mortar stores. This resulted in a spike in retail vacancies in department stores, big-box stores, suburban malls, and shopping centers across the country. This glut of retail space has depressed rental rates and spurred landlords to aggressively pursue new types of tenants, including medical...
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