A recovery could be on the horizon by the middle of the year. While a positive outlook is largely linked to vaccine distribution, once the pandemic officially ends, a rapid V-shaped recovery is still likely. While this is good news for the commercial real estate market in general, it paints a particularly bright outlook for retail and shopping center assets.

“Most recessions begin when rising interest rates or stressed financial markets undercut demand for goods and services, driving up unemployment, which further crimps demand,” Gary Glick, a partner at Cox, Castle & Nicholson, tells GlobeSt.com. “The COVID-19 recession is different. This recession is more akin to the economic damage wreaked by a natural disaster, like a hurricane or earthquake, which typically interrupts the supply of goods and services. When a disaster of this sort ends, a V-shaped recovery typically ensues.”

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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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