Episode Summary: In this episode of Net Takeaways, Bryn Feller and Isaiah Harf delve into key topics shaping the commercial real estate market. They begin by discussing the significant imbalance between market supply and demand, analyzing projected full-year transactions. The hosts highlight the retail sector, particularly grocery-anchored retail, which they describe as the "hottest" part of the market today, likening it to the industrial sector's boom of previous years. Bryn and Isaiah also explore the implications of rising inventory levels in net lease retail, emphasizing that cap rates will need to increase further to clear the current market stock. The conversation shifts to 1031 exchanges and the shrinking presence of tax-motivated buyers, with projections that yield-motivated investors will play a larger role in 2025. Finally, they discuss the Federal Reserve's recent actions, noting how the market is reacting to economic indicators, particularly the 10-year treasury, oil prices, and the geopolitical situation in the Middle East. The episode concludes with lighthearted banter about Hurricane Milton and its impact on Florida. Key topics covered: - Market supply-demand imbalance and inventory growth in net lease retail. - The importance of cap rate adjustments to clear current market inventory. - Grocery-anchored retail as the hottest segment in commercial real estate. - Diminished impact of 1031 exchanges and future market trends. - Reaction to Federal Reserve actions, 10-year treasury, and oil price dynamics. Listeners will gain insights into the future direction of the commercial real estate market, the evolving role of grocery retail, and potential investment opportunities in 2025.