Source: Scotsman Guide —
With life beginning to return to some form of post-pandemic normal and businesses reopening their offices nationwide, demand for commercial real estate has been on the rise. Mortgage brokers can see evidence of this trend from a variety of data sources.
Real Capital Analytics recently reported that a record level of commercial real estate — including multifamily housing, office buildings, retail centers, e-commerce distribution centers and more — was purchased in third-quarter 2021. Commercial property sales for the first nine months of 2021 rose to $462 billion, up 10% compared to the same period in 2019 and the highest sales volume in history for this nine-month period.
