We are still seeing headlines of retailers in trouble. Everything from store closure announcements to bankruptcies. While online retail is setting all time records. Let’s be clear… America is IN LOVE with stuff!!!!
Office properties still have a big question mark hanging over them. Most people know that a large amount of professional positions transitioned to working remote in Q2 of 2020.
Multi-family commercial real estate ended 2020 in a strong position! This product type saw $900M in transaction volume during Q3 and $1.97B in Q4. That is right, an additional $1,000,000,000 in sales closed in Q4 compared to Q3. Overall, the sales volume was up 90% compared to Q3 but still ended down (18.9%) for the year compared to 2019.