How the Commercial Real Estate Lending Environment Might Differ in a Post-COVID-19 World
It goes without saying that the global toll of the COVID-19 pandemic has been substantial. Like many other industries, the real estate lending sector has also been impacted. However, the market is still functioning, and investors still have access to financing. But how that funding is accessed, as well as the terms and structures of loan packages, have changed slightly to reflect the new environment. In this article, we’ll explain what investors should be aware of and how construction lending can evolve as the nation recovers from the pandemic.Read full article
Denver’s large tech industry helped protect the market from the impacts of many professionals moving to remote work. The strength of this segment enabled the metro area to hold and subsequently recapture most of its jobs. The transportation and warehousing sectors also expanded, thanks to the growth of e-commerce. Both of these sectors contributed to higher demand for apartments.
Salt Lake City is still a popular market for technology companies looking to either relocate or expand due to a robust, tech-educated millennial population and affordable office space. This market is uniquely positioned to stabilize as the local economy continues to outperform many of its peer markets. There are several notable Class A office projects expected to come to market in the city in the next 18 to 24 months.
The less-severe shutdown in Texas, combined with a low cost-of-living and high quality-of-life, could accelerate the strong in-migration to the Dallas-Fort Worth area. From 2010 to 2020, the metro has recorded a population growth exceeding 20 percent. Last year, the average home price increased by 11.4 percent to $306,300. Meanwhile, renters have been attracted to the Frisco-Prosper and Carrollton-Farmers Branch submarkets, which combined saw more than 3,800 units of net absorption in 2020.