After a Spring pause in the market caused by the COVID shutdowns and uncertainty, net lease came roaring back later in 2020.
"It was the first area that came back," says Ken Hedrick, executive managing director at Newmark. "Investors wanted to buy these types of bond-style assets. What came out of the pandemic was this new bucket called essential retail. Essential retail was anything that was open and paying rent."
Suddenly, those businesses that stayed open, including convenience stores, grocery stores, pharmacies and farming supply stores, were hot items. So were transportation and logistics hubs.
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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.
