Widespread COVID vaccinations could supercharge growth in both the US economy and in commercial real estate.
"There are a lot of strategic, real estate investing options on the table right now," John Chang, SVP and director of research services from Marcus & Millichap, said in a recent video. "About 13% of the US population has had at least their first vaccination shot. So headway is being made. And when that number reaches about 75%, hopefully we will see some substantive changes."
Chang expects 2021 to be a significant year of transition for the economy and CRE. "So investors will need to keep their eye on the horizon," he says.
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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.
