newsfilter
← Latest News
Business Wire·

Marcus & Millichap Releases New Single-Tenant Retail Reports as Industry Gathers at ICSC Las Vegas

  • Marcus & Millichap released two new national research reports on the U.S. single-tenant net-lease (STNL) retail sector at the ICSC Las Vegas conference.
  • STNL retail transaction activity rose sharply in 2025, with transaction counts up 23% year over year & dollar volume increasing 20%.
  • Vacancy rates in the sector remain below long-term averages while construction activity is near historic lows.
  • Private investors accounted for approximately 75% of buyer dollar volume in STNL retail transactions.
  • Investors continue to favor assets with strong tenant credit & long-term lease structures despite macroeconomic headwinds & higher interest rates.
  • Prices have recalibrated & financing conditions have improved, creating a compelling acquisition window driven by a gap to replacement cost & limited new development.
  • Marcus & Millichap professionals are available at Booth #4307Q at the Las Vegas Convention Center to discuss current trends.
  • The company closed 8,818 transactions totaling $50.8 billion in sales volume in 2025.