The CBRE 2020 Real Estate Market Outlook Report examines the current state of U.S. commercial real estate, outlining the many possible challenges and opportunities the industry could face throughout 2020.
As national stay-at-home orders have shifted much of the economy toward a delivery model, the negative implications have been broadly felt, extending in the commercial real estate arena.
However, Marcus & Millichap says industrial appears to be an exception to the rule.
The coronavirus pandemic has shaken and rearranged trade and supply chains in Miami-Dade County, home to PortMiami and Miami International Airport, global hubs for international trade. It has also pushed the country into an economic downturn, causing a collapse in demand for many products. But this enormous trade system — which includes importers, exporters, logistics firms, freight forwarders, warehouses, customs brokers, transporters and others — continues to function even as it deals with shortages of merchandise, demand spikes, business closings, import delays, sick employees, and the need to reduce personnel.