Total retail transaction volume clocked in just shy of $45 billion in the first half of 2022, an 81% increase year-over-year, according to new research from JLL.

The West Coast was the most active market with $13.2 billion in total volume, a 124% uptick over 2021, followed by the Southeast at $11.2 billion and the Southwest at $6.4 billion. Returns varied by regions, with going-in yields the lowest on the West Coast (average cap rate of 5.72%) followed by the Southwest at 6.34% and the Midwest with the highest average cap rate of 7%.

Lynn Pollack

 

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