From The Magazine

The net lease sector has seen a year like no other commercial real estate sector. Despite a once-in-a-millennium pandemic, the sector is riding a two-year high on fundamentals that have only strengthened over the past year.  While many sectors in commercial real estate have shown weak rents and lower occupancy levels leading to lower values, many subsectors of single tenant net lease (STNL) retail have seen compressed cap rates post-COVID. Essential retail has been the buzzword of the year, and excepting perhaps healthcare real estate, no other sector has more …

Retail and restaurant re-openings this fall gave a modest boost to the New York City retail market in the third quarter. But even with the easing of some operational restrictions, business activity remains diminished in a city known for its hustle and bustle.  Both retail tenants and landlords have had to regroup and quickly adapt to the curveballs thrown at them by COVID-19 over the past nine months. While retail and restaurant users in some areas are finding more success than others, the market as a whole has been characterized …

The COVID-19 pandemic has put a dent in dining and entertainment activity. There is, however, light at the end of the tunnel with vaccinations beginning in the near future. To that end, retailers and restaurants that have survived the public health crisis can, with some reservations, start to look toward the rebound phase. There’s no question that American consumers are itching to make up for lost eating, drinking and socializing time, provided they can do so in what they feel is a safe environment.  “Our biggest point of optimism for …