Total Market Vacancy reaches double digits for the first time since 2016 

  • For the third consecutive quarter, the commercial real estate industry has been heavily affected by the COVID-19 pandemic. Each quarter has showed a progression towards what most will note as "the new normal" in office space use but establishing a new equilibrium in the market has proven an adruous task. With growing hope for a vaccine to come to fruition in the late stages of 2020 or the beginning of 2021, there is reason to remain optimistic about the industry's recovery.