Retail is positioned to become the US' highest occupancy commercial real estte category, according to a new report from Marcus & Millichap.

The firm said this long-term forecast is bolstered by a consumer base that is expected to grow by more than 4.8 million households from 2024 to 2028, notably eclipsing the prior five-year tally.

"Candidates in place to backfill space," according to the report.

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