Transaction volume dropped for hotels, multifamily, office, retail and industrial real estate. Land was the only asset class that persevered, reporting big trades despite the coronavirus pandemic.
October 26, 2020 at 06:00 AM
1 minute read
South Florida real estate reporter
This year started as another prosperous one for commercial real estate with outsized deals — right until the onset of the coronavirus pandemic upended normality and punctured the South Florida transaction bubble.
Hotel transactions are the most striking example of the nosedive as both business and leisure travel was frozen in an effort to stop COVID-19 spread.
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