Multifamily and industrial real estate is bouncing back from the COVID-19 crisis and the uptick in confidential agreements proves it, according to a new report from real estate company CBRE.
Signed confidentiality agreements at the end of July were down only 17% compared to July 2019, according to the CBRE, which noted July's figures were a significant improvement from the dismal 74% decrease in confidentiality agreements signed in April and May.
Notably, confidentiality agreements signed in Q2 for industrial and multifamily proprieties reached 46% and 42% of the last two years' average Q2 levels. The industrial and multifamily progress surpassed confidentiality agreements signed for retail (37%), hotels (35%) and office (32%) properties.
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Victoria Hudgins
I am a reporter for Legaltech News where I cover data privacy, cybersecurity and technology's impact on the business and practice of law.
