Office: Overall net absorption was down 70.8% q-o-q and average monthly rental dropped 1.5%. However, move-in activity edged down the citywide vacancy to finish at 40.1% at the end of the quarter.
Retail: Citywide average monthly prime rental dropped 0.2% q-o-q. Malls have responded with new channels and omnichannel formats to drive O2O consumption.
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