The retail real estate market is experiencing a resurgence after years of downturn. According to The Wall Street Journal, U.S. retail vacancy fell to 6.1% in the second quarter of 2022, the lowest level in at least 15 years, as more stores opened than closed last year for the first time since 1995. It's a shift that will position many brick-and-mortar businesses in cities nationwide for success.
Apart from the office sector, which is lagging due to virtual work, the forecast for the commercial real estate market, particularly retail space, is rosy, despite rising interest rates and a slowing economy. In fact, demand for retail space has remained positive for seven straight quarters, according to the National Association of Realtors.
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https://www.entrepreneur.com/franchise/the-retail-real-estate-market-is-growing-heres-why-thats/439600