Prudent Growth

09/03/2026

The retail real estate story continues to be one of strong demand and limited new supply.

According to JLL's latest market report, U.S. retail absorption reached 10.2 million square feet in the second quarter, while construction remains historically constrained across much of the country.

For owners of well-located neighborhood shopping centers, that supply-demand dynamic matters. Quality retail space remains hard to replicate, one of the fundamentals that continues to support our long-term outlook for the sector.

https://www.jll.com/en-us/insights/market-dynamics/us-retail

09/01/2026

Value continues to win with consumers.

Both Dollar General and Dollar Tree reported strong second-quarter results last week, as shoppers continue to seek out affordable, convenient options for everyday purchases.

For Prudent Growth, it's a trend that hits close to home. Discount and value-oriented retailers are an important part of our tenant mix, and their continued strength reinforces what we've long believed: neighborhood retail that meets everyday needs can perform well through a wide range of economic conditions.

Pictured: Wadesboro Place, Wadesboro, NC

https://www.reuters.com/business/retail-consumer/dollar-general-raises-annual-comparable-sales-forecast-2026-08-27/

08/28/2026

Back-to-school season is in full swing, and new ICSC research shows that August accounts for the largest share of expected seasonal spending.

But what's especially interesting is how consumers are shopping. Back-to-school trips are often combined with other errands, dining and everyday purchases, reinforcing the value of convenient, well-located retail centers where shoppers can accomplish more in one trip.

For neighborhood and open-air retail, it's another example of why location, convenience and the right tenant mix continue to matter.

https://www.icsc.com/news-and-views/icsc-exchange/back-to-school-2026?

08/25/2026

Prudent Growth & Cornerstone Commercial Volunteers donated backpacks to CC Spaulding Elementary School in Durham.

08/20/2026

Prudent Growth & Cornerstone Commercial COO Jerry Hahn recently joined Baker Roofing Company’s Under the Roof podcast to talk commercial real estate, leadership, and the experiences that have shaped his approach to the business.

🎧 Listen here —
👉 Apple: https://go.fame.so/hXjxcrSw
👉 Spotify: https://go.fame.so/phOtL7MM
👉 YouTube: https://youtu.be/G0nwydgj110

08/20/2026

Prudent Growth & Cornerstone Commercial volunteered for Durham Rescue Mission’s Annual Back-to-School Party.
www.prudentgrowth.com/news/prudent-growth-back-to-school-drm-2026

08/18/2026

PGP has completed its $2.95 million sale of Chatham Centre in Chatham, Virginia.

08/13/2026

Limited supply continues to shape the retail leasing market.

CBRE's latest U.S. retail report shows availability holding at just 4.9% in the second quarter, while asking rents continued to rise. With relatively little new retail space coming to market, well-located existing properties remain in a strong position.

For owners, this is where thoughtful leasing and proactive property management can make a real difference. Understanding the market, positioning available space effectively, and creating an environment where tenants want to stay all play a role in making the most of today's market conditions.

Pictured: Hickory Promenade, Hickory, NC

08/13/2026

Our Acquisitions Team has been busy! PGP has completed its $3.7 million purchase of Somerset Shoppes in Montgomery, Alabama.

PGP has completed its $3.7 million purchase of Somerset Shoppes in Montgomery, Alabama.

08/11/2026

PGP has completed its $3.55 million purchase of Amberwood Parkway in Ashland, Ohio.
www.prudentgrowth.com/news/prudent-growth-purchases-ashland-parkway-in-ohio