As with other areas of single-tenant net lease (STNL), industrial investment sales have faced significant challenges. According to Northmarq reports, general STNL sales volume in the third quarter were $9.61 billion. That was 9.8% from Q2 and 48.3% off from the previous year.
Of that total, industrial saw $4.47 billion, or 46.5% of the total. But the drop off was 23.5% from the second quarter and 51.6% from the same quarter in 2022. A plurality of sales but higher impact of falling sales.
"Cumulatively, the sector has logged just over $16.2 billion year-to-date, positioning itself to have the slowest year on record in six years or more," they wrote. "Despite the pull-back in activity, industrial assets remain attractive to both investors and leaders."
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