Will 2021 Bring a Major Real Estate Revival?


* Estimate

** Forecast

Sources: Marcus & Millichap Research Services, BEA, Moody’s Analytics

New 2021 Economic Forecasts Increasingly Optimistic

  • In recent days, more economists have forecasted that 2021 could deliver growth not seen since 1984

  • This comes as the new administration aims to tackle the pandemic and push for an additional round of stimulus

What Factors Will Influence 2021 Performance?

  • A third round of stimulus would likely include individual checks and expand/extend unemployment benefits

  • While the specific amount remains a topic of debate, any of the proposals would help support the economy

  • More vaccinations and other efforts to contain the virus would also speed up recovery and reduce uncertainty

What Will be the Impact on Commercial Real Estate?

  • If these initiatives are achieved, it will go a long way in unlocking the trillions of dollars currently in savings

  • As a result, 2021 could see a rise in travel and spending, supporting Hotels, hard-hit Retail, and even Industrial

  • This would bring back jobs and allow for new household creation, reviving Office leasing and Apartment demand

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