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JLL report says that the Asis-Pacific region among eight in the world showed the largest decline in investment during the first quarter, compared to last year, in correction with the spread of the coronavirus.
"The development of a vaccine or a highly effective therapy may be the inflection point that sets the stage for a meaningful recovery, given an aging demographic and likelihood of slower growth in industry supply," the agency said in the report.
"Their responses suggest a sense of optimism, and a hope that—despite the slowdown—things will revert to business as usual," the CommercialCafe blog reported about its survey.
Dylan Simon and Jerrid Anderson recently analyzed the recent rent and occupancy trends in the King County multifamily market and discovered it is performing well in relation to other CRE asset classes.