Even with vaccines beginning to roll out, 2021 will be an uncertain year in commercial real estate. E-commerce has conventional, brick-and-mortar retail under siege. Many offices and hotels are sitting empty.
"In the grand scheme of things, all asset classes are under pressure right now," says Billy Meyer, SVP of real estate lending at Columbia Pacific Advisors.
Right now, it is hard to have confidence in the pro forma economics of any deal because of uncertainty about supply and demand, according to Meyer.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
