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Family Office Briefing on research byMatthews·Sep 17, 2025

2023 Net Lease Tenant Report

Retail net lease cap rates increased in Q4 2022 — family offices should consider co-GP opportunities with strong operators.

2023

Key Metrics

MetricValue
Retail Cap Rate5.95%
Office Cap Rate6.95%
Industrial Cap Rate6.65%

Metrics extracted from the source report and independently fact-checked. Method →

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