The retail vacancies in Gwinnett County have been increasing for most of the century, with an exception of 2013-2017. If you look at the chart, it’s easy to see a strange sharp increase of 10% in early 2001. The vacancy rate then stays around 17-18% for 2001 and 2002, but then has another sharp decrease of 10% at the beginning of 2003. It’s not clear what caused these odd jumps.
The vacancy rates above have been increasing for the past few years after about six years of decreasing. It is unlikely that the pandemic has already created such an increase, but future research will help determine what the overall impact is for Gwinnett County retail.
The Gwinnett County retail sublet vacancy rate has been all over the place since the beginning of the century. This graph shows numerous decreases and increases over the years. As of now, the vacancy rate is quite low at .32% for this area. The retail sublet vacancy rate has seen an increase since the end of 2019, but only of .24%. Because this metric has been so erratic, it is hard to say what effect the pandemic and subsequent closures will ultimately have. I will continue to look at this data to see how the vacancy rates react in the future.
All data from CoStar Group