While the residential real estatemarket is experiencing what appears to be a swift rebound from thecoronavirus-induced slump, the commercial landscape still looksrelatively bleak.
"Consumers have been forced tomove away from buying in stores and are now doing much moreshopping from home," National Association of Realtors chiefeconomist Lawrence Yun said in a statement.
"Unfortunately, this has come atthe detriment of commercial property owners, but thesecircumstances could be an opportunity for growth in the industrialwarehouse market, as Americans have become more reliant on homedelivery services," Yun added.
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Phillip Bantz
Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.
