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Strengthened by its healthy cash flows, the sector should overcome macroeconomic headwinds into 2024.
"Landlords are more readily able to convince lenders to participate in the expenditure with TI reserves."
The national average sale price is at $131 per square foot, up $7 from 2022.
Subway will be better capitalized to modernize stores, which will result in higher sales and their ability to pay higher rents.
Most markets' bottom is likely in the past.
Metros in the Sun Belt and Florida are the most popular destinations despite the heat, hurricanes, and flooding.
Marcus & Millichap report the latest dramatic spikes as providers pull out of key markets.
The sector is "buoying" office starts across the country.
The strength of the economy has supported household formation.
Even with plenty of stipulations, and some third-party logistics are buying into the concept.