Typically, newer comps close for more than older comps per appreciation/inflation.

Have you raised your rents each renewal cycle to at least kept up with the inflation of your variable costs of taxes and property insurance?  

The retailer previously announced plans to shut up to 315 locations.Big Lots joins several other retailers, like LL Flooring and 99 Cents Only, in filing for bankruptcy as the industry grapples with inflation and changing consumer habits.

The National Retail Federation (NRF) reports declines of 6.5% in back-to-school spending and 7.9% for back-to-college, with shoppers focusing on frugal choices amid rising inflation concerns and an upcoming presidential election.During the pandemic, families spent more on school supplies and remote learning gear, but priorities have shifted to travel, dining, and entertainment.

Over the long haul in my market I expect rents to rise in line with inflation which I expect to be in the 1-3% range per year.

Appreciation on a $100k single family home in a C-D class midwestern neighborhood will not keep up with the rate of inflation.

Lower Returns on Investment (ROI): With limited ability to raise rents, the potential for high returns diminishes, especially in markets with rising property prices or inflation.

And contributed to inflation.

Core inflation is barely below 3%, and jobs, while weak (and even weaker now that the data is apparently way off), are not dropping off the cliffs required to justify a 25+ bps drop.

(more dollars chasing fewer goods is a recipe for inflation).