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New York & Tri-State  + Midtown New York  + Net Lease  | 

NYC Leads U.S. in Q1 Net Lease Retail Sales

New York City ranked 12th in the nation for first-quarter net lease investment activity, with $1.6 billion in overall investment activity, CBRE reported. The city ranked number one for net lease retail with $475 million and sixth in the industrial net lease sector with $575 million in investment activity during Q1 2021.

New York was also among the top markets for cross-border investment into net lease during the quarter. The net lease sector’s year-over-year decline in investment sales was 2.6%, comparing favorably to an 18.3% Y-O-Y decline in total commercial real estate volume. 

“Net-lease properties continue to attract interest during this downturn as investors seek long-term dependable cash flows,” said Will Pike, vice chairman of net lease properties for capital markets at CBRE. “Interest in the office sector is on the rise, with strong demand for mission-critical assets as COVID-19 guidance changes and employees begin to return to the workplace.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

  • ◦Sale/Acquisition