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Search Terms Reveal COVID’s Uneven Impact

Interest in institutional assets wane, while visits to non-institutional properties don’t suffer as much.

By Les Shaver | July 07, 2020 at 07:37 AM

When COVID-19 hit, CREXi, an online marketplace for CRE properties, saw search terms decline for commercial real estate assets. 

“The bottom [in searches] was probably a few weeks right after COVID pandemic came to fruition,” says Doug Shankman, SVP of Revenue at CREXi. “Late March was the bottom, and we’ve seen this V-shape return since. I would say we were really back in May, but there was still some investor concern and some broker hesitancy. Brokers are winning additional business in a variety of different forms, whether that business is traditional sales or auctions.”

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