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What does 2021 look like in Commercial Real Estate?

Apr 13, 2021 | Commercial Real Estate

The commercial real estate market continues to have pockets of strong demand in many areas we serve and I anticipate another strong year overall.  We estimate 10%-15% of businesses are devastated, 20%-25% are on fire with growth and the balance of businesses are sustaining or holding steady compared to Pre-COVID times.  I continue to see more industrial buildings coming on the market for sale and lease,  office vacancy increasing because of COVID stay-at-home orders,  and retail spaces adapting for different uses that are COVID resistant. We continue to see higher land demand because of record low interest rates.  The lower interest rates help offset the ever increasing construction costs.   Leased investment real estate continues to be very hot and cap rates remain very low with assets that have regional/national tenants with 7+ years of term remaining.    Lastly, I continue to see the apartment market transferring at record prices. There are great opportunities if you are ready and prepared to invest. 

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Jeff Brandon

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