Commercial Real Estate Scenario in the Middle of the Global Pandemic
The situation of COVID-19 is on-going, and this, in turn, has affected commercial real estate.
All geographic areas are affected by this pandemic and every country has come up with its new strategy to overcome the crisis.
For the past two quarters, the economy slumped especially as the US GDP felt a major slump than other geographic markets.
Before the pandemic began, the whole CRE market was healthy, and many surveys expected a steady increment in CRE markets.
But, the pandemic affected real estate, multi-family and CRE started to dip low in the economic curve. It affected many people from property owners, rentals, brokers, developers, and real estate agents.
It is better to invest little and save more because of the changing financial scenarios of COVID-19.