RETAIL MARKET OVERVIEW

Retail continued to struggle in the 2nd quarter of 2026. Sales volume was up on 20,000+ square foot tenants. Cap rates continued to rise slightly. Sales prices dropped $30 per square foot to $261.73 per square foot as construction stayed fairly steady with just under 1.2M square feet of new retail underway. Absorption was positive with 47,000 net square feet being taken off the market. Retail rates stayed pretty steady at $36.83 per square foot. READ MORE >