Strong retail fundamentals fuel continued rent growth and long-term value for investors

Due to the retail sector’s high levels of occupancy and its undersupply of new development, current owners and investors are poised to capitalize upon the sector’s strong fundamentals and long-term rent growth.

According to JLL’s U.S. Second Quarter 2023 Retail Outlook, net absorption increased 12.6 percent quarter-over-quarter up to 10.8 million square feet, and deliveries decreased 5.1 percent from the previous quarter, driving the current year-over-year rent growth to 3.6 percent across all retail asset categories. This sets the overall average occupancy for retail centers across