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.

New supply remains steady in 2026, yet smaller metros are seeing outsized inventory growth.

There is tighter underwriting discipline even as most property types remain unable to pencil accretive returns.

High ownership rates and rising care costs are encouraging older households to remain in their homes longer.

But infrastructure and data center demand keep bid price escalation elevated in key markets.

Data shows flat store visits, a sharp rise in distribution activity and steady manufacturing output despite fewer workers.

With volatility subsiding and pricing reset, investors see improved conditions for deployment and underwriting.