The top brandnames, especially in core areas, will be the ones investors arelikely to hold onto next year.
CHICAGO—The recent increase in the 10-year treasury rate wasexpected by many to push up cap rates in the nation's single tenantnet lease market, but so far, things are relatively quiet. Caprates for the net lease retail sector only increased by five bps inthe third quarter of 2018, according to a new report from Wilmette,IL-based Boulder Group. Rates in the office andindustrial sectors were also largely steady.
“The market didn't react to the rise in interest rates, at leastnot immediately,” Randy Blankstein, president ofBoulder, tells GlobeSt.com. “It's a delayed reaction,” and theboost in Treasury rates may take about three to six months to fullyimpact net lease investment.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
