Things are looking up for both the American economy and the commercial real estate market.

But digging down a little deeper, the pace of recovery varies by market.

"There's a lot more under the surface when it comes to the recovery from the health crisis," John Chang, senior vice president and director of research services at Marcus & Millichap, said in a recent video. "The impact of the pandemic varied greatly from one part of the country to the next. And as a result, some cities and states have much more ground to recover than others."

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to and Real Estate Forum.