NETAR CMLS Blog

Office, land, industrial deals weathering Covid storm

Look at commercial real estate (CRE) transactions for NE Tenn. and the numbers paint an overall picture of a flat market. That’s accurate. Transactions are running almost 12% behind last year.
But there’s more to the story. Look past the pandemic savaged sectors. Some sectors are weathering the storm in pretty good shape.
So far this year, three sectors are outperforming transactions during the first 10 months of last year. Those sectors are vacant land, industrial, and office.
There are also ample examples of commercial real estate construction picking up. More about this as soon as the Q3 commercial construction reports are available.
See attached file for the full report
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