In the March 2026 edition of the Net Lease Data File, David Wirgler highlights a market that remains stable from a pricing perspective but has experienced a noticeable decline in transaction activity. While cap rates and asset pricing have largely held steady, overall deal volume during the first quarter is tracking approximately 20-25% below the same period last year and is more in line with activity levels seen in 2023.
The year began with strong momentum, carrying over from a busy finish to 2025, but activity has slowed considerably in recent months. David notes that buyer engagement metrics, including inquiries, downloads, phone calls, and emails, have all softened as uncertainty continues to weigh on investor decision-making.
Key Takeaway: Pricing remains stable across much of the net lease market, but ongoing uncertainty is reducing buyer activity and transaction volume, resulting in a slower overall pace compared to last year.
Download the March 2026 Data File:
Disclaimer
This post is for informational purposes only and should not be considered financial advice. Always consult with a qualified financial professional before making any investment decisions.
