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Even as Supply Drops, Net Lease Deals Are Closing

The spread between asking and closed cap rates for retail and office properties widened by 6 and 2 basis points respectively.

Jimmy Goodman is a partner at The Boulder Group and will be a speaker at the upcoming GlobeSt Net Lease national conference in New York City.

NEW YORK CITY—Cap rates in the single-tenant net lease sector reached historic lows across all three main sub-sectors including retail, office and industrial. That is according to Jimmy Goodman, partner at The Boulder Group. Goodman will serve on the state of the industry panel at the upcoming GlobeSt. 18th annual national net lease conference in New York City.

According to Goodman, single tenant retail reached a previous historic low from the fourth quarter of 2017 at 6.07%. “Net leased office and industrial properties reached new historic lows of 6.94% and 6.90% respectively,” he tells GlobeSt.com. “Cap rates remain at low levels due to the historically low interest rate environment combined with a robust economy.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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