AREA Insight: 2020 Mid-Year Report

AREA looks back over the first half of 2020 as we breakdown the impact of the pandemic and the economic shutdown on the economy and the commercial real estate markets.
With input from our senior leadership, our brokers and our analysts, we aim to provide you with the most relevant and recent info including notable deals and important trends in the economy and in the commercial real estate markets.
ECONOMIC REVIEW: Shutdown forces U.S. economy into recession, path to recovery remains uneven and unclear.
INDUSTRIAL MARKET: Continues to churn, poised for growth as economy re-opens.
MULTIFAMILY MARKET: Deal flow slows amid pandemic as investors and lenders pause. We are monitoring occupancy rates and concessions closely as indicators of market health.
RETAIL MARKET: Hard hit in almost every sector, but each category will continue to evolve through innovation and adaptation.
OFFICE MARKET: Lags behind all other sectors. Office tenants are delaying making decisions on space needs. Anticipate sublease supply to increase next quarter.
For more insights, or questions on the information in this report, please reach out to one of our AREA experts.