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Commercial real estate news, developments and predictions surrounding Covid-19.
Despite the plethora of bad news there are also several reasons for optimism.
Three quarters into the COVID crisis, distressed sales again account for 1% of transactions.
Retail, automotive and travel are among the most distressed sectors of the US economy.
In 2020, Los Angeles office leasing totaled only 10 million square feet, driving the vacancy rate to 22.5%.
Prologis completed $25 billion of investment activity on an owned and managed basis, as reported in its investment activity results for year-end 2020.
"The beginnings of a transaction recovery are forming," says Marcus & Millichap's John Chang in a new research report.
Demand is likely to increase in secondary markets as workers remain dispersed.
Understanding and addressing the special considerations involved in building cold-storage facilities are the keys to success, says Graycor Construction Company's Scott Skala and Jyot Parmar.
The firm's transaction activity last year was on par with 2019, but shifted from ground-up development to repositioning projects.
As businesses reopen and eviction moratoriums expire, the value-add investment model will rebound.