What’s in Store for Net Lease in 2020?
FORT WORTH—The ICSC Red River States Conference and Deal Making is coming up this week from January 8 through 10 at the Fort Worth Convention Center at 1201 Houston St. According to ICSC, attendees will get insight on trends from dining to technology that are innovating retail and real estate.
In addition, retailers that are ready to expand and landlords ready to help with those expansion plans will be on hand. Kicking off the year with this conference is good timing, says Daniel Herrold, Senior Director at Stan Johnson Company.
“Having a conference early in January is always a good start to the year,” Herrold tells GlobeSt.com. “It helps to better understand existing and new projects pushing forward, building momentum early in the year, as well as growth and expansion plans of retailers, restaurant operators and emerging concepts.”
Moreover, he says the Texas net-lease retail market comes from a position of strength.
“Generally speaking, the state of Texas has been very strong when it comes to creating new net-lease product,” Herrold tells GlobeSt.com. “Development is robust in all of the major markets, Dallas, Houston, San Antonio and Austin, and the secondary markets are all very healthy as well, with plenty of new projects underway. Thus, the supply of net-lease product has remained steady and constant across the state.”
Herrold says the net-lease investment demand is expected to continue for the duration of this year.
“While the supply has been constant, the demand for net-lease product in Texas has also remained strong, if not increased over the years,” he tells GlobeSt.com. “The health of many of the markets, coupled with the state’s business-friendly approach and the income tax free provision of the state often draws net-lease investors to Texas for investments. We expect that to continue into 2020.”