Both the CRE Finance Council and the second from the National Association of Realtors see signs of a strong commercial real estate rebound coming over the next 12 months.
Lawrence Yun, chief economist at the National Association of Realtors, expected that a year of savings and unspent stimulus funds would turn into capital about to land in the economy in the second quarter of 2021.
"Economic expansion and the jobs recovery will lead to rises in occupancy across all commercial real estate property types," Yun said at the NAR's Commercial Economic Issues and Trends Forum.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
