In 2020, the office and industrial sectors accounted for nearly 81% of the single-tenant net lease investment sales activity, according to the Stan Johnson Company Q4 Net Lease Market Snapshot.
While industrial was hot in 2020, there were questions about the office sector. But long-term, Craig Tomlinson, senior director and partner in Tulsa, Ok., isn't concerned about the sector. In 4Q, net lease office sales posted their second quarter of $1-plus billion growth after being hammered in the second quarter of 2020. Many of those properties exchange hands with their tenants working from home.
"The reports of the office's demise are greatly exaggerated," Tomlinson says.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
