While there are plenty of reasons to be optimistic about the commercial real estate market—even in the midst of a pandemic—but investors should also have realistic expectations about the recovery. With a prolonged shutdown of businesses, there will likely be a slow recovery period. More importantly, a vaccine will be essential to a true recovery.

“Any forecast needs to anticipate the possibility of a slower-than-expected recovery in employment and recovery from the long-term business closures triggered by the pandemic,” Dianne Crocker, principal analyst at LightBox, tells GlobeSt.com. “Also, until there is a widely available, reliable vaccine for COVID-19, our economic recovery will be constrained. I expect the recovery from this economic downturn to be very uneven. Recovery is going to vary by metro as some were hit harder by COVID. A metro like New York City saw much more impact from COVID than many smaller metros and of course, suburban and rural communities did. Different levels of impact has resulted in inconsistencies in reopening, which further perpetuates an uneven recovery.”

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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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