A Tale of Two Real Estate Markets: Office and Industrial Markets Transformed in Wake of COVID-19 Pandemic

19 Jul 2021


Prior to the pandemic, the economy was humming with office and industrial real estate sectors peaking with extremely low vacancy rates, rising rental rates and all-time-high tenant demand. Then everything changed in March 2020 when the COVID-19 pandemic hit and instigated the rapid transformation of the commercial real estate market. As we are now emerging from the coronavirus pandemic, it appears to be a tale of two real estate markets with the best of times for the industrial sector and the worst of times for the office market.

As a specialist in global corporate real estate and tenant representation strategies, Site Selection Group has evaluated these dynamic market conditions to help tenants develop location strategies aligned to their goals and objectives.

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