By Mike Sunnucks | Rose Law Group Reporter
Investments in tenant-occupied commercial real estate have doubled in metro Phoenix.
That is according to new research from CBRE.
CBRE gauged net-lease investment volume in the U.S. in tenant-occupied offices, retail, industrial and warehouse space.
Phoenix saw its net-lease investments go from $866 million in 2017 to $1.73 billion last year.
That is a 100 percent gain. It also ranks metro Phoenix 9th nationally, according to CBRE.
Metro Phoenix has seen $212 million in net-lease real estate investments and transactions so far this year.
CBRE found that nationally net-lease transactions volume totaled $68.3 billion in2018 but 16.4 percent from 2017.
New York was the top net-lease real estate investment market last year with $5.65 billionin transactions, followed by Chicago ($4.37 billion) and Dallas ($3.47 billion).
Washington D.C. and Baltimore also saw significant increases in investments in tenant-occupied spaces last year, according to CBRE.
Net-lease transactions for the first quarter of 2019 came in at $12.5 billion down 3.6 percent compared to the same quarter last year.