The good news is that the markets with the most new construction will be able to handle the resultant vacancy challenge. The bad news…well, according to Marcus & Millichap’s Adam Lewis, there isn’t any.
We’ve had a rough start to 2020 (to say the least), but we can see some light and our summer months will be a true tell of how the economy will shake out moving forward.
Other metrics, though, show that the Delta variant has had an adverse impact on the sector.
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