Market Update
Snezhina (Anna) Dobreva

Snezhina (Anna) Dobreva

Multifamily – eviction moratorium extended till March 31st, rental relief for tenants expected.

Rebekah Carlson

Bekah Carlson

Over the past 2 weeks, I’ve had the opportunity to listen to 3 different economists, including KC Conway, CCIM’s chief economist. The overarching element of his presentation is the replacement of retail need with industrial needs within the marketplace. ProLogis says they will build $100M square feet of warehouse space this year. They also say that they averaged 1,000 new business leases per day in 2020. According to KC: “The warehouse is the new retail store.”