More investors are returning as deal activity expands beyond core assets despite uneven pricing.

Vacancy shows early signs of stabilization, but elevated supply continues to limit rent growth.

Operators lean into smaller formats, drive-thru designs and behavioral analytics in site selection.

RTO pressures and broader industry demand are offsetting declines in employment.

Leasing and absorption surged in the second half.

Kansas City, St. Louis and Columbus post some of the fastest sales time lines.

High occupancy, fast lease-ups and elevated renewal rates keep pressure on supply across major markets.

Retail absorption softened in Q1 2026, but constrained new supply continues to support rent growth.