Berkadia's 2020 Mid-Year Powerhouse Poll finds that the initial concerns about the COVID-19 pandemic's impact on multifamily real estate have not been realized, and Berkadia mortgage bankers and investment sales experts agree that while activity may not return to "normal" until 2021, opportunities still exist in the current climate.
The proprietary poll was conducted in early July and collected insights from nearly 150 Berkadia investment sales brokers and mortgage bankers across 60 offices.
Despite early concerns, 55% of Berkadia professionals agree that current market activity is better than expected compared to how they initially thought COVID-19 would impact the industry overall. Thirty-four percent say the current market is in line with their expectations.
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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.
