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After months of an unrelenting global health crisis, ongoing uncertainty, economic damage and disruptions across most facets of life, the arrival of an effective vaccine has sparked renewed optimism for 2021. However, investors should have realistic expectations about how the next several months will unfold. With a prolonged business shutdown of this magnitude, there will likely be a slow recovery period even with the presence of a successful vaccination delivery.

“I expect the recovery from this economic downturn to be very uneven,” Dianne Crocker, principal analyst at LightBox, tells GlobeSt.com. “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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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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