The commercial real estate market continues to climb out from the economic fallout of the COVID-19 pandemic. Commercial real estate acquisitions during January through May 2021 rose 1% compared to one year ago as investors acquired multifamily properties, hotels, and seniors housing.
NAR Research anticipates that commercial transactions will continue to improve in 2021 and even more strongly in 2022, with the population practically vaccinated by the end of summer 2021, as more businesses increase their operating capacity, travel resumes, more workers start heading back to the office, and consumers spend some of their savings on leisure and recreation and personal services.
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Source: “June 2021 Commercial Market Insights“