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The month of May could be the bottom of the downturn, at least for the commercial real estate sector. Commercial real estate data from LightBox, including environmental report activity, suggests that May could have been the worst month for commercial real estate investment activity during the pandemic.

“Input from the commercial real estate sector suggests that May could well be the bottom of this downturn, and we are beginning to see early green shoots as commercial property transactions begin to recover from the late 1Q2020 shock related to the pandemic,” Dianne Crocker from LightBox tells GlobeSt.com. “The latest LightBox May Confidence Index, based on a monthly survey of due diligence professionals, lenders, brokers and appraisers across the U.S., reflected slightly more optimism in the commercial real estate markets over the past month than in April.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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