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Overall Net Lease

$23.7

Investment sales
(YTD, billions of $US)

6.2%

Average cap rate

Net Lease Office

$7.6

Investment sales
(YTD, billions of $US)

6.5%

Average cap rate

Net Lease Industrial

$11.2

Investment sales
(YTD, billions of $US)

6.2%

Average cap rate

Net Lease Retail

$4.9

Investment sales
(YTD, billions of $US)

6.1%

Average cap rate


  • Transactions: Net lease transaction volumes mirror activity in overall real estate sector in H1 2018; net lease activity softens by 5.7 percent, with liquidity underpinned by industrial transactions.
  • Markets: Primary markets continue to account for smaller share of investment volumes as investors seek higher-yielding assets in secondary and tertiary markets.
  • Sources of Capital: Private buyers are driving net lease liquidity as selectivity is impacting institutional buyers; offshore interest holding steady.
  • Sources of risk: There is a heightened focus on critical-use assets with strong rent growth, but somewhat more flexibility on lease term, credit quality, and location.

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View the complete H1 2018 U.S. Net Lease Investment Outlook for more on these latest trends.