Deal activity in commercial real estate is rebounding, according to the fourth monthly survey by NAIOP.

An increase to 92.6 percent of respondents witnessed industrial properties acquisitions, compared to 70 percent in June. However, about 52.2 percent of respondents say they witnessed no deals in office properties in the last three weeks. Deals in the retail property sector also remain low, with 79.6 percent of respondents witnessing no deals or development. However, building acquisitions in the industrial sector increased from 70 percent to more than 90 percent of respondents in June to July.

In terms of rent collections, the news is more optimistic. About 75 percent of owners in the office, multifamily and industrial sectors responded that more than 90 percent of their tenants paid their rent in full in July. This shows an improvement from April. However, rents on retail property only improved slightly, with 51 percent reporting that about a quarter of their tenants did not pay their rent on time nor in full.

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Pearl Wu

Pearl Wu is the editorial Recognition Desk Manager at ALM Media and oversees the administrative aspects of U.S. Legal awards. Please find our upcoming deadlines here.