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Sales Volume on Net Lease Assets Roughly Flat with Last Year’s
The first quarter of 2017 ended with about $11.43 billion in sales involving office, industrial and retail single-tenant net lease assets.
May 26, 2017 | by Diana Bell | National Real Estate Investor
It seems there’s no investment sector safe from the current political uncertainty, including net lease assets. Investment sales volume in the sector in 2017 will likely end up flat with 2016 levels, industry sources say.
The first quarter of 2017 ended with about $11.43 billion in sales involving office, industrial and retail single-tenant net lease assets, according to research from Stan Johnson, a national net lease brokerage firm. That figure paced very closely to the first quarter of 2016, when $11.89 billion in net lease sales closed.
Across properties in the sector, first quarter 2017 cap rates averaged 6.24 percent, Stan Johnson reports, just above the 6.23 percent average for the same period last year.
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