Results for online and brick-and-mortar retailers, however, were mixed.

The number of US renters facing affordability issues hit 51.8% in 2023.

These trends are driving a wave of relocations to the South.

Regional rent declines will vary through 2025, with Southern markets seeing relief.

Rising mortgage rates and persistent inflation will push rents higher.

The shift toward wellness prioritization is now expanding into senior living and luxury hospitality.

Everyone is concerned about high capital costs and economic uncertainty.

But transaction activity may take several quarters to bounce back.