As featured in the Portland Business Journal, Kevin VandenBrink and Rhys Konrad explore the current COVID effects on commercial real estate, specifically the industrial market.
Sep 24, 2020
The last six months have brought historic levels of economic uncertainty and challenges for vast sectors of the economy, both nationally and locally. While none have been truly immune to the effects of the Covid-19 pandemic, in the commercial real estate world, those occupants and owners of industrial real estate have fared significantly better than their counterparts in the office, retail, hospitality and multi-family world.
Buoyed by the need for direct-to-consumer delivery, the logistic, trucking and fulfillment sectors have been the most obvious benefactors of the further consumer shift to online shopping. Additional sectors like cold storage and building materials production and distribution have also been in expansion mode...[click here to continue reading]