Commercial real estate is booming; second quarter data affirms it.
"Market confidence was high, with investor inquiries and newly launched deals recovering to near 2019-levels," said Richard Barkham, Global Chief Economist for CBRE, in a statement sent to GlobeSt.com. "Going forward, while the delta variant and inflation concerns are seen as potential headwinds, we are yet to see this materialize in the investment market. Investors continue to be active and capital remains abundant for commercial real estate."
The good news in short: There are more deals and even some improved news of prices on building commodities. Where things have been getting painful is in labor.
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