A glut of STNL properties surged onto the market in Q3 2023, pushing the total to 3,905, a 19% increase over the 3,286 properties listed on the selling block during the second quarter.

According to a new report from B+E, the net lease brokerage, new inventory is coming in twice as fast as it's leaving the market.

"People have debt that's coming due or they're concerned that cap rates are going to get worse, so they want to sell while they can," B+E CEO Camille Renshaw told Globe St.

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