PLYM - Commercial real estate in Sunbelt fared best post-pandemic: Newmark repot
COVID-19 added a heaping dose of uncertainty into almost every commercial real estate sector in 2020, but more than a year afterward certain themes have taken shape by industry and by market, according to The Newmark Opportunity Index: Identifying Commercial Real Estate Opportunities and Challenges in Major U.S. Markets.The study compares 22 major markets across economic and commercial property type metrics. On an overall basis, Nashville, Tampa, and Dallas markets rank highest across economic metrics.Here's how specific property types fared:Office market: Nearly every U.S. office market was challenged by the pandemic, with gateway cities hurt the most. "Three key themes have emerged surrounding office space as post-pandemic changes come into focus: the war for talent, the future of office space, and the migration of companies to new markets.The markets that rank the highest in the office metrics of the index are: Tampa, Miami and Dallas. REITs with properties in some
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Commercial real estate in Sunbelt fared best post-pandemic: Newmark repot