Around the beginning of April, it became clear that an economic recovery would not be the V shape that many expected in the early days of the coronavirus. Instead, the outlook for the US commercial real estate sector, to say nothing of the overall economy, was utterly upended and research firms set about adjusting their initial expectations that the coronavirus would leave just a glancing blow on the industry.
A report from CBRE found that the US economy, which is now in a recession, will stabilize in the third quarter, start to recover in the fourth, and grow at more than 5% in 2021 due to pent-up demand and major government stimulus.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
