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Net Lease Investment Sales Grow 21% Y-O-Y
The U.S. net-lease investment market continued its recovery in the first quarter of 2025, CBRE reported. Total net-lease investment volume increased by 9% in Q1 to $9.6 billion. For the year ending March 31, investment volume increased by 21% year-over-year to $44.6 billion.
Although office and industrial & logistics assets declined seasonally between Q4 2024 and Q1 2025, retail net-lease investment saw an 11% increase quarter-over-quarter to $3.1 billion. Industrial & logistics represented $4.7 billion or 49% of total net-lease investment volume in Q1 2025, up from 46% a year ago. Retail’s share rose to 32% ($3.1 billion) from 25% a year ago, while office’s share decreased to 19% ($1.8 billion) from 29%.
“Driven by its inherent stability and appealing risk-adjusted returns, the net lease sector showed impressive resilience and growth in Q1 2025,” said Will Pike, president of industrial & logistics / net lease properties for Capital Markets at CBRE. “Looking ahead, we expect sustained investor interest in net lease assets, especially within the retail and industrial & logistics spaces, as they navigate potential market uncertainties by favoring lower-risk placements.”
- ◦Sale/Acquisition
