Net Lease Future Shines Bright

(This guest blog from GlobeSt.com's Natalie Dolce is part of our lead-up coverage to ICSC Western States.)

TULSA, OK—“We expect to see continued growth in the development of net lease product in order to move closer to equilibrium between supply and demand.” That is according to Jeff Cox of Stan Johnson Co. GlobeSt.com recently chatted with the locally based COO about the firm's goals for 2015 from a growth and region standpoint, and the current state and future of net lease.

GlobeSt.com: How would you describe the state of the net lease market?

Jeff Cox: Stan Johnson Co. continues to observe strength and momentum in the net lease market, and we believe this can be attributed to a limited supply of high-quality assets, plentiful capital and relatively stable US economic fundamentals.

GlobeSt.com: How will the 2015 net lease market be different than 2014?

Cox: The net lease market will become even stronger in terms of demand, especially in key, growing metropolitan areas. Some of this growth will be driven by new development as demand continues to outpace supply. 

GlobeSt.com: How do you see the net lease industry growing over the next several years?

Cox: The future for net lease is bright. This sector of the industry has moved from a niche product into the commercial real estate mainstream. The market is still highly fragmented, but we have seen a significant increase in institutional capital over the last few years and believe this trend is likely to continue—especially in a low interest rate/yield environment. We expect to see continued growth in the development of net lease product in order to move closer to equilibrium between supply and demand.

GlobeSt.com: What are Stan Johnson Co.'s goals for 2015 from a growth and region standpoint?

Cox: SJC has experienced unprecedented growth over the past several years due primarily to the depth of talent and expertise of our 64 net lease focused brokers and our specialized platform. Our continued growth is also a result of the success of our national expansion strategy. We will remain focused on growing our existing nine nationwide offices with the very best net lease talent and our premier net lease platform. 

GlobeSt.com: How would you describe the ideal brokerage candidate to join Stan Johnson Co.?

Cox: The ideal brokerage candidate for Stan Johnson Co. possesses the ability to produce and has a track record of success. Equally as important though is the candidate's fit with our core values, the desire to effectively build and manage a team, and the ability to collaborate across the firm.