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The report states that in 2019 Dollar General alone plans to open approximately 1,000 locations, while the dollar store sector has a pipeline of approximately 24,000 new locations planned for the future.
While new supply is outpacing leasing activity in some markets, other regions experienced a considerable rebound in net absorption after a slow start to the year.
Strong tenant demand has also caused rents to rise, with the overall average rent higher by 7.8% year-over-year, including 10 submarkets that record rent increases of more than 10% during that period.
The brokerage firm also reports that another lease deal with a co-working firm involving multiple floors of a City Center office building is currently pending.