LAS VEGAS-“Business has been incredible.” So says Harold Briggs, executive managing director of Stan Johnson Co., in a statement of undeniable confidence. He reports that the net lease business is up 15% year over year and that his shop is outpacing even that. But why? There are a number of factors, as he explains to GlobeSt.com in this exclusive video interview from the show floor of RECon 2014. Not the least of these is hungry-investors—some of them new to the playing field—but all of them piling on.
In this interview, you'll hear:
- What impact the recovery is having on the velocity of single-tenant net lease deals;
- What's happening to pricing in the face of stepped up competition;
- What sort of non-traditional tenants are infiltrating the market.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
