The single-tenant transaction count for the first half of 2023 was the fifth-highest tally since 2000, according to Marcus & Millichap's 2H 2023 U.S. Single-Tenant Net-Leased Retail National Report.
Furthermore, single-tenant trades accounted for nearly one-fourth of all primary commercial real estate deal flow during the 12-month period ending in June and its share of total trading exceeded its prior yearlong proportion, when 21 percent of all sales involved a single-tenant asset.
Monthly core retail sales, which exclude gas and auto purchases, have exceeded $500 billion seven times since January, after having never exceeded $500 billion.
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