The U.S. retail sector continues to surprise in 2025. Despite closures and bankruptcies making headlines, openings are outpacing exits, rents are stabilizing, and capital is flowing back into high-performance assets. Investors are watching closely as consumer demand, tenant mix, and capital market activity point toward renewed retail real estate opportunities.
Additional highlights from this month’s newsletter include:
Retail Market Resilience – Net absorption remains negative, but the pace of re-leasing and steady rent growth signal recalibration, not retreat.
QSR Growth – Household names like McDonald’s, Starbucks, and Chick-fil-A continue to anchor shopping centers, proving the strength of quick-service restaurants in any market cycle.
Cap Rate Trends – New CBRE survey data points to a plateau after years of increases, suggesting a potential shift in investor sentiment.
Off-Price Momentum – Burlington, Ross, and Citi Trends are leading the way in foot traffic and shopper loyalty.
Criterion Pipeline & Projects – From new developments in Texas to value-add centers in Nevada and Florida, we’re positioning for long-term growth and stability.
Retail is adapting faster than many expected. Leaner footprints, consumer-driven formats, and strong tenant categories are creating opportunities for investors seeking resilience and steady cash flow in today’s environment.
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