While the outlook for the economy is brighter, there has still been a lot of pain across commercial real estate. Retail and lodging have suffered tremendously through the pandemic, while there are questions about the forbearance activity in multifamily.
Some of these retail and lodging properties will need to be converted to other uses. But for that to happen, investors will have to buy them at a discount. To determine value, transactions need to happen.
The good news is that things began to perk up late in 2020.
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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.
