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By Joseph M. Miller, MAI, MRICS, Managing Director
The retail market maintained relative stability in 2025, with demand primarily concentrated in grocery-anchored centers and select single-tenant net lease assets. Despite a decrease in interest rates during the second half of the year, transaction volume did not experience a significant uptick, as many investors continued to exercise patience and wait for the right opportunities. Overall, the sector demonstrated resilience, with top-tier assets attracting attention while broader market activity remained subdued.
