Suburban office space acquisitions have been on the rise since 2017, but this trend may pick up as a result of social distancing and increased opportunity to work from home.
The retail property market is one of the most negatively affected commercial markets by the coronavirus pandemic and measures taken to contain it.
The industrial property market performed relatively well and was one of the investors' preferred asset classes as it was not as negatively affected by the coronavirus pandemic as others.
Compared to the retail or hotel/lodging commercial real estate market, the multi-family market is faring relatively well.
Home showings in June 2020 showed a strong rebound from the level in May.
The commercial real estate sector continues to struggle as a result of the coronavirus pandemic.
In the week ending July 4, new unemployment claims decreased to 1.3 million, a decrease of 99,000 from the previous week's revised level.
With most states lifting the restrictions of business and public spaces, hundreds of millions of people started moving around again. Mobility typically brings economic development and, subsequently, a faster recovery in the local economy from the recent shutdown orders.
In considering where to move, potential home owners and renters have to keep their fingers on the pulse of home price and rent growth.
The Coronavirus Crisis has people struggling to pay bills: twelve percent of homeowners did not pay on time their mortgage last month, according to the U.S. Census.
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