LOS ANGELES-Due to very strong investor demand and record pricing, “the market for single-tenant net lease properties is incredibly hot right now,” according to Rob Bickel, managing director of capital markets group for Jones Lang LaSalle, during a recent video series produced by the firm that also included commentary from managing director John Strauss.
“This is especially true for assets in infill locations and primary coastal markets,” says Bickel. The Southern California market has historically seen strong investor demand, but Bickel predicts that the market will begin to stabilize in the near term as the result of increased rates that “will negatively affect pricing.”
Bickel's advice: “Sell, sell now. Given the recent instability in the projections for 2013, we think by faraway, the best execution and best pricing will happen this calendar year.”
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