By Andrew Speer, Polaris Funding
Commercial real estate outlook – Full speed ahead, with a change in focus
Investors across all sectors of commercial real estate found 2020 to be challenging, with national sales volume down a tremendous 41.8% over 2019. In 2021 sales volume is rebounding, despite the lingering effects of COVID-19 on the industry. There is a recent infusion of capital into the real estate sector and willingness to purchase and take risk. However, many owners are shifting focus in terms of market location, asset type, and financing options.