30 Hudson Yards' net-lease transactions rounded out the top-20 net-lease transactions nationwide in Q2. Photo by Hudson Yards.
NEW YORK—New York City clocked in at number one for net-lease investment for the second quarter of 2019, outperforming high-growth cities like San Francisco and Boston. The Big Apple cemented itself as an all-star in a rosy US market for Q2 net-lease investment opportunities, encouraging market sentiment for years to come, according to a recent CBRE research report.
Plumping up the New York City market is a steady stream of net-lease investment properties, most notably 30 Hudson Yards. The net-lease transactions for the mixed-use office tower on the West Side of Manhattan rounded out the top-20 net-lease transactions nationwide in Q2. And although US investors are bullish on high growth secondary markets, they have leaned toward gateway markets like San Francisco and Boston in droves, resulting in increased net-lease investment volume consecutively for the past several years.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
