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Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
Starbucks is still a dominant presence, but competitors are offering landlords a better deal.
Consumer confidence remains key in shaping these trends.
Vacancy fell this year and asking rents increased despite a robust pipeline of deliveries.
The market is poised to see a boom.
It also plans to open 60 new locations by 2027.
Some stores are being used for last-mile delivery for online purchases.
Return to office requirements are having an impact.
Industrial vacancy stands at 6.6% while retail vacancy is 4.5%.
Construction has plummeted 45% from a year ago to 158 million square feet.
Burger King’s rightsizing efforts are also paying off with increased visits.