Second Quarter 2026
Retail Market Outlook
Inland Empire
\Kite Realty Group Trust (NYSE: KRG) sold this six-property, approximately 1.1 million-square-foot open-air retail portfolio to a joint venture between DLC Management Corporation and a fund managed by DRA Advisors for $255 million ($227 per square foot).
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume rose 49.0% QoQ and 11.6% YoY, while under construction space edged up 3.5% QoQ but remained down 28.0% YoY. Asking rent rose 0.6% QoQ but slipped 1.7% YoY, suggesting modest annual pricing pressure despite the strong leasing rebound.
SALES TRENDS
Sales volume fell 42.5% QoQ but remained up 21.4% YoY, while average sale price per square foot dropped sharply, down 51.7% QoQ and 29.8% YoY, reflecting a steep pricing pullback despite year-over-year gains in transaction volume.
