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Retail Market Remains Stable Despite Tariffs

The U.S. retail market continues to demonstrate resilience as tariffs and elevated prices test consumer and business confidence. Inflation remains most pronounced in import-heavy categories such as furnishings and electronics, yet steady spending by higher-income households has offset weaker demand elsewhere. Despite these pressures, retail real estate fundamentals remain sound: vacancy is holding near historic lows, new supply is limited, and investment sentiment remains steady. The sector’s performance underscores a market that is adjusting—not retreating—as it finds equilibrium amid shifting trade and economic conditions.


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