Needless to say, the volume of space transacted is also well down on a year ago. In the three months to May, which also incorporates a period when the impact of Covid-19 on the economy was minimal, the volume to retail space transacted was at its lowest level since March 2017.
Since activity has dried up further the amount of floor space changing hands is likely to remain, or decline further.
Similarly, as shown right, the value of transaction has slowed sharply since the start of the year, to be half it was a year earlier.