As the US continues to recover from the COVID-19 pandemic, CRE is outperforming, seemingly against all odds. After all, the US economy has yet to fully recover from the global health crisis.
"We're still in the middle of a global pandemic," says John Chang, Senior Vice President and Director, Research Services at Marcus & Millichap. "We shut down a big portion of our economy for several months last year. We have a massive labor shortage, and our supply chain logistics are running into all sorts of problems."
But despite that, CRE appears to be thriving.
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