As the commercial real estate market evolves, the retail sector is thriving. Since new construction has been costly in recent years, the
lack of new development has increased demand in many of the locations where Next Realty owns properties. Additionally, aside from
specific macroeconomic challenges, such as cost increases and reduced consumer demand in the restaurant industry, the economy has
performed well overall in the past few years. Furthermore, because capital and financing options have been readily available, many
businesses have been financially healthy and relatively stable.
As a result, Next Realty is capitalizing on the strong retail real estate market, with several properties at or near 100% leased.
