CBRE: Boston Tops U.S. Markets for Net Lease Investment in 2021
Boston topped all U.S. markets for net lease investment in net lease properties as national levels surged close to pre-pandemic levels in Q1 2021 according to a recent report from CBRE.
The investment was driven by robust institutional acquisition activity, increased interest in office assets as well as the momentum of return-to-the-workplace plans and foreign investment despite COVID-19 related international travel restrictions. Boston ranked first overall, first in office and fifth in retail net lease investment among the top 20 leading target markets for investors in Q1 2021.
“Boston continues to attract investors looking for high-growth opportunities, specifically in the office and retail sectors,” said Will Pike, vice chairman of Net Lease Properties for Capital Markets at CBRE. “In fact, total net lease investment activity nearly tripled in Boston year over year at more than $2.3 billion during the first quarter.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.