Retailers Are Snatching Up Real Estate Again
The retailer Tractor Supply continues to expand as the company adapts to the new tariff environment. PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS
Dollar Tree, Tractor Supply and other companies show a renewed desire to move into vacant space, despite economic challenges
Key Points
Retailers occupied 5.5 million more square feet than they vacated in the third quarter, a turnaround from the first half of the year.
The national retail vacancy rate was 4.3% in the third quarter, with retail construction remaining near historically low levels.
Online sales accounted for 16% of total retail sales in 2024, and retail rent growth has slowed from its previous pace.
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