Is economic uncertainty here to stay, at least until the public has more confidence that the coronavirus pandemic is being controlled? New CoStar data shows commercial real estate transactions volumes for the three months through July are 69% below the same period in 2019. Social distancing and a shifting map of shutdowns have made completing transactions difficult as well. But despite the low volume, prices are remaining steady and rising, though much more slowly.
How quickly will valuations begin to bounce back? Will multi-family continue its impressive climb as economies reopen? And are REIT property rent collections returning to normal and beginning to stabilize?