Net-leased commercial real estate posts record year

Driven by unprecedented demand for single-tenant assets, 2021 marked a new record for net-lease transaction volume, which totaled $79.3 billion and was up 39 percent over 2019 levels. Alex Sharrin, senior managing director of JLL’s Capital Markets, based in Miami, anticipates that trend to continue, led by Sun Belt markets.

“Liquidity for net-lease assets has reached historic highs in recent months,” said Sharrin. “Rising acquisition targets and mandates from traditional net-lease investors, coupled with new private and institutional capital entering the space, is expected to support continued momentum looking ahead to 2022.”

The property sectors currently experiencing a boost in liquidity by net-lease demand include industrial, retail and office. With a 75 percent increase over 2019, industrial leads the pack