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Analysis

Big Uptick of New Businesses May Not Pay Off for CRE

Many of the EIN filings are by people who start something on the side or finally use the impetus of uncertain times, and perhaps a job loss, to set out on their own.

By Erik Sherman | April 26, 2021 at 06:52 AM

Vaccination rates are up while new Covid-19 cases have dropped far down from vertiginous winter heights, according to data from Johns Hopkins. That means growing hope for the country—and the businesses that keep the economy humming.

Along with those changes are new business openings, according to a study from Yelp. Normally, that should mean brighter days for commercial real estate. But government figures on an historical spike in new business formations suggest the real wave of new businesses will be small and unlikely to seek a traditional property lease in the near term.

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