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What to watch in 2025: For the first time, service-based retailers could account for more than half of all leasing activity

Food and beverage, healthcare, fitness and experiential retailers tenants drive demand for store space
Restaurants and bars accounted for 21% of retail leasing activity in 2024 and are expected to remain a significant source of demand in the year ahead. (CoStar)
Restaurants and bars accounted for 21% of retail leasing activity in 2024 and are expected to remain a significant source of demand in the year ahead. (CoStar)
CoStar Analytics
December 30, 2024 | 9:33 P.M.

In what would be a historic first for the retail property sector, service-based tenants are likely to lease more store space in 2025 than those selling goods as consumers continue to shift spending to services.

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