COVID-19

Apartment performance during the pandemic has been largely based on geography, says CBRE's Spencer Levy.

Still, confidence remained below 2019 levels.

In December, the retail CMBS delinquency rate stood at 12.78% and hotels had a 19.87% delinquency rate.

In 2020, there were a record number of industrial transactions, and Phoenix and the Inland Empire were among the top markets.

The mortgage banking firm closed a total of 411 transactions last year, the first time in the company's history it surpassed 400 deals in a single year.

But NABE data show that a mere 11% of panelists expect all employees to return to a physical office.

Investor sentiment is optimistic on multifamily and industrial product, but for retail and office, the outlook is dreary.

The 100 largest office lease transactions last year totaled 29 million square feet, 32% lower than in 2019.