Transaction volume reached $57.11 billion in the first half, though activity remained below the market's 2022 peak.

A tightening supply of high-quality space is pushing occupiers to focus on locations close to their existing workforce.

Second-quarter sales reached $2.7 billion as record rents, stable cap rates and sharply lower construction reinforced the sector's appeal.

A growing consumer category is creating opportunities for owners of open-air and neighborhood shopping centers.