Retail Review – Q3 2026 – U.S. Retail Capital Markets Report
Retail Investment Activity Climbs as Cap Rates Hold Steady
Retail capital markets continued to gain momentum in Q3 2026, with trailing 12-month sales volume reaching $78.2 billion, the highest level in more than a year. While transaction volume increased, cap rates held near 7.4%, signaling that income growth and asset quality, rather than cap rate compression, continue to drive property values.
This report examines the key trends shaping retail investment activity, including sales volume, cap rates, pricing dynamics, and the impact of shifting supply and demand.
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