September 10, 2019
U.S. net-lease investment is outpacing the broader commercial real estate sector in 2019, and New York City tops the list of target markets, CBRE says. In the 12 months that ended June 30, net-lease investments in New York totaled $5 billion, a 46.4% year-over-year increase.
“The fundamentals of the New York City market continue to be strong, making it an extremely attractive market for net-lease investment opportunities,” said Will Pike, vice chairman of net lease properties for capital markets at CBRE.
“As these opportunities have historically produced steady yields and strengthened portfolio diversification, savvy investors, both domestic and international, will continue to flock to New York City for investment options across the retail, office and industrial sectors,” he added.
Nationally, although investors are increasingly focused on opportunities in high-growth secondary markets, gateway markets like San Francisco and Boston had the largest Y-O-Y gains in investment volume in the second quarter.
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