Real Capital Analytics says uncertainty from investors continues to climb and US commercial property sales fell again last month with the coronavirus pandemic.
"The headline figures for deal activity in May are dismal," RCA wrote in a report. "Investor uncertainty continues to mount as it remains unclear the extent to which Covid-19 will impact the broader economy and sap business demand for commercial property."
The report says many investors are making the choice to sit on the sidelines. The new report comes as the US remains in the throes of a coronavirus pandemic, which has forced many businesses to rethink how they will prevent the spread of the deadly virus.
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Ryan Tarinelli
Ryan Tarinelli is a reporter at the New York Law Journal. He is based at the New York State Capitol in Albany, New York. He can be reached through email at rtarinelli@alm.com. Follow him on Twitter: @ryantarinelli.
