Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as more Americans venture out to buy things again.

retail vacancy fell to 6.1% in the second quarter, the lowest level in at least 15 years, while asking rents for U.S.

shopping centers in the quarter were 16% higher than five years ago, according to real-estate services firm Cushman & Wakefield.

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