Many factors drove September's increase in net lease sales. Some of those may be an indicator that the market is returning to normal.

"I think pretty clearly from the transaction types and the numbers from this month, the institutional capital is getting off of the sidelines," says Chris Pappas, associate director with Marcus & Millichap's Net Lease Division. "They're placing money into these net lease assets before the end of the year."

These investors put their money into big box assets, which are typically much more expensive.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.