Q3 2026 Retail Market Report
RETAIL MARKET OVERVIEW
Retail vacancy continued to rise year over year for the 4th straight year and 5 straight quarter. Cap rates have risen as well for the 4th straight quarter. Interest rates continue to affect cap rates as they rise on a parallel path. There is also a significant drop retail under construction which has fallen more than 50%. Wages and costs of doing business continue to rise affecting small businesses in a negative manner. Its not all doom and gloom as 133,000 SF of retail was delivered in the first 3 quarters.