L.A. Net Lease Investment Sales Up 62% This Year

Sterling Champ

Los Angeles net lease investment sales are up significantly for the year. According to research from CBRE, net lease investment in the market increased 62% in the second quarter, making L.A. the number two market for net lease sales, following New York City. In the second quarter, the market had a total net lease investment volume of $1.22 billion.

“The density of the population has been the primary driver of the activity, along with the strength of the economy,” Sterling Champ, EVP at CBRE, tells GlobeSt.com. “Even when you see downturns in Los Angeles, there still seems to be pretty strong commercial activity, just because of the density of the population. In over any 10-year period, we’ve certainly a full recovery, and so I have a very positive outlook on the economy and the local economy in the city of Los Angeles.”