Net lease investment volume was up significantly in 2024, according to CBRE, whether measured by growth in Q4 or all of 2024. Q4 was up 19% quarter-over-quarter and 57% year-over-year to $13.7 billion. That compares to total CRE investment, which was up 24% and 31% year-over-year to $120.9 billion.
The company’s U.S. Net-Lease Investment Q4 2024 report listed 20 top markets, ordered by Q4 2024 investment dollars. Vallejo-Fairfield, CA was up 9,975.0% to $1.209 million, sitting at the top of the list. Second was Chicago and its 217.4% growth to $1,106 million. Number three was Austin, which had 1,115.7% growth to reach $665 million. The Inland Empire was up 52.8%, hitting $664 million. Phoenix was number five with an increase of 188.7% to $634 million.
Numbers five through 10 were Dallas-Ft. Worth (48.1% to $481 million); Boston (-10.0% and $475 million); Miami-Dade County (59.4%, $328 million), and Los Angeles (-20.7%, $284 million).
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