December 2020 Commercial Market Insights
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This issue looks at the latest trends across the commercial property markets (multifamily, office, industrial, and retail) and features two pieces on the hotel sector and cap rate trends. The hotel sector has been struggling the most compared to other industries, but on a positive note, less than 2% of businesses have closed. Across all property markets, cap rates have remained relatively stable even as T-bond rates have fallen, but expect an uptick next year with the distribution of the vaccine and a slight rise in overall yields.