Commercial real estate took a hit during the COVID-19 pandemic, as did many industries. But the market is starting to bounce back this year, largely due to increased investments in industrial properties.
According to research by the National Association of Realtors (NAR), commercial real estate transactions of less than $2.5 million fell by 1% in the beginning of 2021 and the value of commercial real estate properties fell by 6% compared to 2020.
Still, there is hope for the future as certain types of commercial properties are driving sales and seeing positive growth from the year before.
Here’s a closer look at how industrial spaces are helping commercial real estate bounce back from COVID-19.
Photo by Leohoho on Unsplash
