Net Lease

The spike in activity wrought by the COVID-19 pandemic is one example of a misleading indicator.

"We cannot overlook the little local details in the post-pandemic recovery. The variance from market to market is just too significant."

Demand for studio space is soaring, and Los Angeles is ground zero for entertainment real estate.

One observer thinks there needs to be carrot and stick incentives to get people back to work.

Sentiment of finance pros is rising fast.

"Consequently, taking rents will remain a better gauge of the market's strength than more traditional metrics."

But there are many other key issues and opportunities unique to specific markets, Newmark says.

Multifamily properties posted the sharpest decline in days-on-market, according to Crexi.