The single-tenant net lease market has been flying below the radar when it comes to distress caused by the pandemic recession. In fact, investors seeking a safe haven for capital have continued to pursue net lease assets backed by strong credit tenants. However, some industry players see cracks emerging, particularly in hard hit sectors such as restaurants, fitness centers and big-box retail.
Across the various subsectors, REITs remain on the trajectories that began in the fourth quarter of 2021 as the industry looks to a post-COVID-19 recovery.
Retail REIT Simon Property Group, the country’s largest operator of regional malls, is riding the SPAC wave. We don’t know yet where that wave will take the company, but industry insiders offer a number of guesses.
David Howard, executive director of the National Rental Home Council, comes on the podcast to discuss how the single-family rental market has evolved and why the space has thrived amid the pandemic.
There are more signs that even after the pandemic that corporations will be opting for a blended work model. A survey from Fortune found that only four percent of CEOs are looking to add office space. Meanwhile, LVMH is moving to bring Tiffany staff back to its office for a minimum of two days per week starting in March, according to the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
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