Still not through even the first quarter of 2024, sales numbers from the latter half of 2023 offer the best recent trend data on how markets are moving, or not. For single-tenant net lease (STNL) sales, that means constricted, according to Colliers.

“A volatile capital markets backdrop led to restrained volume in single-tenant net lease (STNL) sales, with 2023 posting the weakest figures since 2012, and it’s no wonder why,” they wrote. “The 10-year Treasury peaked around 5% in October, while the [Federal Reserve] didn’t announce its plans to pivot until December, resulting in restricted lending and a pullback in activity.”


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.

Erik Sherman

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.