The office sector is expected to lag the overall U.S. economic recovery by several quarters.
CBRE’s 2021 U.S. Real Estate Outlook offers a mixed forecast for commercial real estate. Industrial and data centers will continue to be among commercial real estate’s more robust sectors next year, as other markets like office, retail and hotels will have slower recoveries.
The report states all sectors will benefit from the widespread availability of a vaccine to help push back the pandemic that has crippled the U.S. economy.
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RSK: Not sure our market is well positioned in this sector. We are more Bio-Tech and Medical.
Ken Notes: Data centers are off the radar screen intentionally, but there are a few in the region and I know the fiber and bandwidth is in place.
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- - Volume: 8 - WEEK: 47 Date: 11/17/2020 8:49:29 AM -