1H 2024 Single-Tenant Net-Lease Retail National Report

Consumer Durability and Limited Vacancy Continue to Facilitate
Broad Demand for Single-Tenant Space

The net-lease sector remains well positioned as an expectations-exceeding labor market is supporting real-term increases in retail spending. This dynamic is aiding patronage at stores and fueling retailer demand for space, with the single-tenant sector ranking as the least vacant commercial real estate segment. Should these trends continue amid a pullback in construction and historically low vacancy, it will reinforce positive leasing activity.

Key Features Include:

• Analysis of consumer spending and property dynamics that are fueling strong demand for single-tenant space

• Discussion of net-lease investment trends

• Breakdown of single-tenant fundamentals by property type

• Identification of store closures and retailers most likely to backfill this space

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