Since the onset of the pandemic, the economy has gone through several cycles. While there has been some softening in many of the commercial real estate property types and markets, not everything is being affected the same way, according to a new video by Marcus & Millichap.
Its senior vice president and national director of business services, John Chang, said that most types of commercial real estate ebbed and flowed with the broader economy.
"In the relatively tight cycles, different property types saw space demand rise and fall very quickly," Chang said. "But elevated inflation, tighter financial markets, and risks of a recession have begun to take a toll."
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