The COVID-19 pandemic has slowed commercial real estate activity nationwide, with the industrial market faring the best, conditions that have equally affected the Wisconsin market, according to a 2020 Midyear Investment Report from Colliers International.
However, the pandemic has affected the office, industrial market, multifamily and retail markets nationally and in Wisconsin, the global commercial real estate company said in the report written by Jennifer Huber, a senior investment sales analyst in Milwaukee.
Noting that the economy went from "thriving to barely surviving" in March, due to stay-home orders imposed to slow the spread of the coronavirus, the impact of the pandemic and recession on the commercial real estate market was immediate, and buyers and sellers paused as the market tried to understand how pricing would be affected, Huber wrote.
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Brenda Sapino Jeffreys
Senior reporter Brenda Sapino Jeffreys covers the business of law in Texas. Contact her at [email protected] On Twitter: @BrendaSJeffreys
