A disparity between sellers’ bids and buyers’ asks will continue to be a headwind for the sector, though the gap “seems to be narrowing,” according to one industry watcher.

 “There’s still some distance between the two sides,” says Steve Wolff, vice president, acquisitions at Spirit Realty in Dallas, in advance of the GlobeSt Industrial conference this week. “Investors who are acquiring all-cash know that the field of buyers is smaller than at the start of 2022. This equates to fewer bids at increased cap rates – in some cases 150+ basis points, causing sellers to pause and reconsider selling (for the time being).” 

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GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

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GlobeSt Net Lease Spring 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

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