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Premier Net Lease commercial real estate news, analysis, trends and information focusing on the property fundamentals, finance and investment trends for NNN, and other net leased retail, industrial, office and healthcare assets.
Since 2020, over 300 major manufacturing facility announcements have been made across North America.
Store openings have surpassed closures by roughly 1,000 locations.
JPMorgan Chase will build 500 new outlets, PNC Bank to add 100.
Robust occupancy rates and steady rent growth are on the way too.
Quick-serve chain plans 150 new locations, targets Houston, Dallas.
Midwest convenience stores have the highest average cap rate while the West has the lowest.
The fundamentals are generally healthy when looking at certain property types.
As for the flight to quality, 84% of new leases sought those accommodations.
The differences may come down to the nature of the tenants.
The average asking rent growth for the sector was 6% last year.