September 15, 2020 | News
The Commercial Real Estate capital markets came to a shuddering halt in March of this year as the COVID-19 pandemic shutdowns shocked society and the economy. The sudden halting of businesses, schools and nearly all aspects of life were unprecedented, stock and credit markets crashed worldwide. Commercial real estate fundamentals plummeted, and capital markets froze.
Thanks to massive fiscal and monetary stimulus from Congress and the Federal Reserve, an economic recovery is underway. The virus is still spreading as widely distributed treatments and vaccines are still months away at least. The finance markets for commercial real estate are functioning again. The reopening of society has been bumpy with many businesses operating at zero or partial capacity (restaurants, movie theaters, fitness centers, hair salons, travel). The disruption has resulted in a wider than usual “stratification” of commercial real estate product types.
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