Found 82 blog entries about Commercial.
View a New Mexico Market Trends Summary Report, which includes November 2020 Commercial Market Trends. This report includes the total number of listings, asking lease rates, asking sales prices, days on the market and total square feet available.
Disclaimer: All statistics have been gathered from user-loaded listings and user-reported transactions. We have not verified accuracy and make no guarantees. By using the information, the user acknowledges that the data may contain errors or other nonconformities. Brokers should diligently and independently verify the specifics of the information you are using.
Much attention has been paid to the immediate effects of the COVID-19 pandemic on public health and the economy. As the months continue to move by, the economic shutdown’s broader implications on commercial real estate begin to materialize. The pandemic has presented lenders, servicers, and appraisers with a unique problem: What is a property with severely impacted cash-flow worth, and what will the long-term impact on value be?
As defined, market value is “the most probable price which a property should bring in a competitive and open market under a) conditions requisite to a fair sale, b) the buyer and seller each acting…
Consumers have been shoring up savings during the pandemic, which could lead to a spending spree next year on retail, restaurants, and other businesses—and tipping off a robust commercial real estate recovery, Lawrence Yun, chief economist at the National Association of REALTORS®, said Friday during the virtual 2020 REALTORS® Conference & Expo. “There is a very positive upside to all of this saving,” he said. “There is the potential to unleash savings and power back into the economy once things open up.”
The economy is on shaky ground, with the gross domestic product still down from its peak of $19.3 trillion in the third quarter of 2019, Yun said. He noted that the strength of online shopping during the pandemic has helped to prop up the warehouse…