Is 2021 Poised to Bring a Major Revival for Commercial Real Estate?

By Marcus & Millichap Research Services

Prospects for new stimulus and renewed virus containment efforts strengthen the 2021 economic outlook
Additional stimulus checks and extended/expanded unemployment benefits will support spending activity
Furthermore, if the vaccine rollout continues as expected, trillions in savings could be unleashed
Nearly all types of real estate stand to benefit as spending activity and job growth accelerate
Retail and Hospitality in particular could see a revival as consumers re-engage with the marketplace
Employment growth supports the Apartment and Office sectors and indirectly supports Industrial demand
As a result, the outlook for commercial real estate in 2021 and beyond is looking brighter