FNRP Projects Significant Demand, Record-Low Vacancies, and Expanding Retail Segments Will Create Prime Investment Opportunities
First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, anticipates continued retail market strength in 2025, driven by record-low vacancies and heightened demand for prime locations. Retailers are aggressively seeking space in high-traffic centers, intensifying competition and creating favorable conditions for landlords and investors.
FNRP’s portfolio exemplifies this momentum, with over 487,000 square feet in new leases signed in 2024. Grocery-anchored centers continue to shine, attracting tenants focused on stability and high consumer traffic. Demand has surged among quick-service restaurants (QSRs), “eatertainment” venues, and discount and off-price retailers.
“Retailers are expanding, but limited space makes securing prime locations increasingly competitive,” said Fred Battisti, Chief Revenue Officer at FNRP. “We’re seeing strong demand from brands aligned with consumer preferences for convenience, affordability, and experience-driven shopping.”
Three segments driving retail expansion include:
- Quick-Service Restaurants (QSRs): McDonald’s, KFC, and Subway are rolling out aggressive growth plans, adding thousands of locations globally.
- Eatertainment Venues: Concepts like Topgolf, Dave & Buster’s, and pickleball venues continue expanding.
- Discount and Off-Price Retail: Budget-conscious shopping fuels growth for Dollar General, Ross, and TJX brands.
For landlords, these trends create opportunities to negotiate higher rental rates and longer leases. The scarcity of retail space gives landlords greater leverage in securing financially strong tenants, driving property valuations, and increasing investor returns.
FNRP is actively pursuing acquisitions that align with these trends. The firm continues to expand its portfolio, targeting well-located properties in markets with substantial consumer demand. FNRP is positioning itself to meet the needs of retailers seeking prime space while maximizing value for investors.
“The momentum in necessity-based retail is undeniable,” added Mike Hazinski, Chief Investment Officer at FNRP. “Retailers are expanding, and we expect grocery-anchored centers to continue outperforming other property types in 2025. With sustained demand and limited supply, well-located retail assets remain attractive investment opportunities.”
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