SEATTLE—The pandemic and resulting slowdown has uncovered acouple of interesting factoids. For one, trampoline sales arethrough the roof, pun intended. So are Netflix's stock price andalcohol sales.
For more data directly related to commercial real estate, theKidder Mathews' multifamily investment team of Dylan Simon andJerrid Anderson recently analyzed the recent rent and occupancytrends in King County. The team discovered the multifamily marketis performing well–and certainly significantly better than nearlyall other commercial real estate asset classes. And, the CRE marketis in early innings of how the current pandemic will impact thebroader economy along with the Puget Sound apartment market.
"The most surprising aspect of this pandemic so far is theresiliency of the apartment sector, especially in markets such aSeattle where the sector remains extremely strong," Simon tellsGlobeSt.com. "So far, the silver linings are rethinking how we liveand work: Promoting healthy living spaces and rethinking how tointegrate work from home strategies in apartment buildings andother amenities that promote lifestyle in a change in the overalldynamic of interaction at the office."
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