Office Markets Face Long-Haul Recovery Despite Rising Vaccine Hopes

Bloomberg, Nov. 19, 2020
Lending in the US for commercial and multifamily real estate is forecast to remain below pre-pandemic levels at least through 2022 with this year’s new loans plunging 34 per cent from 2019, according to the Mortgage Bankers Association. Global fundraising sank more than 50 per cent to US$21 billion during the third quarter, as investors backed away from committing money.