US Retail Rent Growth Follows Rooftops Southward

While concerns around inflation, interest rates and a potential recession have rightfully garnered headlines, the retail space market quietly is posting its best year for rent growth in decades. Retail rents have pushed to record highs in 2022, as the sector remains in an impressive recovery coming out of the worst of the pandemic. Average triple-net asking rents are up by 4.5% across the U.S. over the past 12 months, with the pace of growth accelerating since the start of the year.