Net Lease

Consumers are 69% of GDP, so slowing spending is a concern.

The improved in-person shopping experience has boosted sales and visits.

But one industry shined.

Portfolio and entity trades increased 24% over the past year, indicating that institutional capital is returning to the market.

A post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2.

Dollar transaction volume in the quarter was down 17.4% and cap rates were off by 63 basis points year over year.

Improved sentiment driven by Fed's accommodative signals, decline in bond yields versus October 2023 peak.

Demand for office space has grown for over 12 months, ending the three months through June up 17% year-over-year.