U.S. Commercial Real Estate Report
Compiled by Park Industrial

10 Minute Read​ | August 1, 2025

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Net Leasing Is the Quiet Giant of 2025

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While much of the commercial real estate landscape grapples with volatility and rate sensitivity, the net lease sector has quietly emerged as a pillar of stability in 2025. With macroeconomic uncertainty still in play, investors are prioritizing long-duration, cash-flowing assets that offer downside protection and hedges against inflation.

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Demand for net lease product — particularly with strong tenant credit and essential service alignment — is outpacing supply in many markets.​

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What’s Driving the Surge?

• Stability in a Volatile Market: In a higher-for-longer interest rate environment, long-term NNN leases with built-in escalators are prized for their predictability.

• Flight to Quality: Investors are selectively moving capital toward credit-backed tenants and mission-critical locations.

• Liquidity Access: Sale-leasebacks have surged as corporations seek to unlock capital without sacrificing operational control.

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2025 Net Lease Trends

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Top Performing Net Lease Sectors (YTD 2025)

1. Logistics & Warehouse

   • Driven by e-commerce demand, reshoring, and fulfillment network buildouts.

2. QSR (Quick-Service Restaurants)

   • High-frequency retail with resilient cash flows and low overhead.

3. Medical / Outpatient Clinics

   • Aging population + outpatient shift = long-term demand.

4. Corporate HQ / Single-Tenant Office (Long-Term)

   • Selectively attractive with investment-grade tenancy and long leases.

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Top 5 Net Lease Buyer Types (YTD 2025)

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Notable trend: Private capital is dominating, but institutional dry powder is re-entering as spreads improve.

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Strategic Playbook for Investors & Owners

 

 

 

 

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