Сommercial property in the US: demand reaches pre-pandemic level

August 16, 2021
Сommercial property in the US: demand reaches pre-pandemic level
The COVID pandemic has significantly affected the demand for commercial real estate in all countries.

The COVID pandemic has significantly affected the demand for commercial real estate in all countries. Due to quarantine restrictions, many cafes and restaurants were closed, office workers switched to remote work, which reduced the popularity of buying and renting offices in business centers and beyond. However, as the economy recovered the situation with the commercial real estate market also began to stabilize.

In the second quarter of 2021 investors spent 3 times more on this type of property in the United States than in the same period a year earlier - the amount reached almost $145 billion. It is worth noting that this level of sales also exceeded the average for the period from 2015 to 2019.

What kind of objects are popular?

Today the following objects are in demand in the commercial real estate market in the US:

  • tenement houses, allowing the buyer to receive a stable income from renting them out;
  • hotels and hotel complexes;
  • shops.

Prices for such objects largely depend on the region in which they are located.

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Alexandra Meyer
Personal assistant
Alexandra Meyer
Personal assistant