November 17, 2021
Real Estate

Expectations of Strong Post-COVID Recovery Bolster Competition for Commercial Real Estate Assets | Think Realty

Price discovery remains challenging.

Multiple factors point to an economy that is firmly in recovery as a critical mass of the U.S. population becomes vaccinated. Stimulus checks have bolstered personal savings, consumption has surged to record levels and reviving air travel suggests that both business and leisure travelers are back on the move. Many expect these economic tailwinds to boost commercial real estate fundamentals, inciting recovery speculation and driving buyer activity. By the same token, the recovery has thus far been uneven, with some cities, states and property types jumping ahead of others, generating a broad range of valuation trends. Many investors remain in a holding pattern, awaiting additional clarity before they sell, restraining the flow of marketable inventory. This has exacerbated the expectation gap…

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