Hair: CBRE expects long recovery time for commercial real estate

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Hair: CBRE expects long recovery time for commercial real estate

By Amber Hair / Friday, May 1st, 2020 / Comments Off on Hair: CBRE expects long recovery time for commercial real estate

A steep decline in second-quarter economic activity will signal a longer recovery for commercial real estate, according to national firm CBRE in an April 24 report. In particular, the firm, which has an office in Ventura, pointed to a decline in leasing activity as tenants are favoring renewals instead of new leases. CBRE predicted that…

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