Market Insights

Sep 9, 2025 · 2 min read

Retail, Rates, and Reality—Finding the Core In Submarkets

We’ve had a whirlwind of a year. Despite the noise—from the media, the Fed, and the memes—the local retail market remains resilient. Tenants are expanding or relocating to be closer to core markets, creating more competition for the small but successful brands that thrived in tertiary markets and now want a shot at the urban stage.These tenants aren’t jumping straight into downtown. Instead, they’re hedging—targeting space near the core without getting caught in the premium pricing of the centra