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Commercial real estate news, developments and predictions surrounding Covid-19.
Apartment vacancy increased significantly in gateway markets like New York and San Francisco in 2020, but they will see some relief this year.
In addition to job and population growth, Phoenix is located within eight hours of Southern California.
Mizuho remains optimistic about their long-term viability though.
Due to widespread job loss, more than 9 million Americans have racked up a rent debt bill.
Expect a surge in evictions if Biden's $1.9 trillion American Rescue Plan doesn't pass.
With facilities running at maximum capacity, the cold storage market is experiencing unprecedented growth over the next three-to-five years.
Several new employment laws in California could hamper office demand even after the stay-at-home orders are lifted.
At the onset of the pandemic, opportunity zone investment slowed, but it rebounded in the third and fourth quarter of 2020.
A 4,000-square-foot pop-up collaboration between Gucci and North Face in New York City signals a rebound of the luxury retail market.
Regulatory challenges and low cap rates in California are driving investors to greener pastures.