May investment volume rose 18%, but portfolio and entity transactions accounted for much of the growth as individual property sales declined in several major sectors.

Millennials added 5.3 million homeowner households in five years, yet 12.6 million members of the generation still rent, with coastal markets retaining the largest shares.

Preleasing remains strong and enrollment is rising, but concentrated development pipelines have pushed rents lower in nearly half of tracked university markets.

The sector registered stronger seasonal gains with Midwest markets leading the nation, while parts of Florida and Texas continue to lag.

Falling unit sales have turned grocery into a market-share battle, pushing retailers to sharpen pricing, promotions and private-label strategies.

Availability declines reflect structural supply cuts more than a surge in leasing activity, reshaping underwriting and asset plans.

Scarce acquisition opportunities and disciplined underwriting are slowing transaction activity.

Open-air shopping centers again led performance in the first half of 2026, while visitor demographics suggest malls are attracting a wider mix of consumers.