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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.
Construction costs for new retail range from $400 to $500 per square foot.
Of the investments announced during the first year, 40% have been delayed or paused.
Tenants are favoring newer and higher-tech facilities
Prices were down as the number of transactions had fallen from 2023 by only 6.49%.
Consumers are 69% of GDP, so slowing spending is a concern.
The improved in-person shopping experience has boosted sales and visits.
But one industry shined.
Portfolio and entity trades increased 24% over the past year, indicating that institutional capital is returning to the market.
A post-pandemic building boom is coming to an end, with only 46 million square feet of speculative projects breaking ground in Q2.
Dollar transaction volume in the quarter was down 17.4% and cap rates were off by 63 basis points year over year.