December 5, 2019
Manhattan is among the leading target markets for net lease investors, as investment volume in the sector nationally is poised to set a new record. The borough ranked 11th nationally in the third quarter, with quarterly volume of $546 million, a 10.3% year-over-year increase.
For the year-ending Sept. 30, net-lease investment in Manhattan totaled $4.684 billion—up 36.6% year-over-year. That’s a faster rate of increase than the national average, which was up 24%Y-O-Y to $55.2 billion.
“The net-lease sector continues to perform strongly with significant levels of year-over-year growth across office, industrial and retail assets,” said Will Pike, vice chairman of Net Lease Properties for Capital Markets at CBRE. “We expect this trend to continue as both domestic and international buyers are placing a heightened emphasis on achieving the high risk-adjusted returns offered by this asset class.”
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