• The consumer-confidence index in the United States continues an upward trajectory, jumping to the highest level since the pandemic began, ending the quarter at 127.3. Some experts expect consumer-confidence to reach pre-pandemic levels by year-end.
Source: MarketWatch, Conference Board
• There is currently only one property under construction in the Norfolk market totaling 50,000 square feet, however there are thirteen proposed properties in the pipeline totaling over 1.2 million square feet.