Remote Work, Technology Top List of Commercial Real Estate Concerns

“Remote working and mobility is something that is quite concerning to the real estate industry as to what behaviors, and to what extent, remote working will stick, and time will tell,” said Michel Couillard, the Counselors of Real Estate’s CRE 2021 global chair, told The Commercial Observer. “COVID really impacted human behavior in terms of where and how space will be used, and there will probably be a need for commercial properties to reposition in order to meet that changing demand.”

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What Buyers Are Looking For

According to a recent realtor.com® survey, buyers have shifted their priorities due to the pandemic. Twenty-percent of respondents said they valued a quiet location, while 25% said an updated kitchen.

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Vacation Homes Sales See Strong Uptick in Sales

“So, with prices up, it’s a great time to sell. But with considerable amounts of new inventory hitting the market on a daily basis, buyers are benefitting from more choices as well. It’s a win-win for buyers and sellers alike given the perfect storm of our proximity to metropolitan areas, historically low-interest rates, continually changing inventory and rising, yet affordable, prices,” said Will Clauss, a Realtor® in Hawley.

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CDC Eviction Moratorium Extended Until July 31

No substantive changes to the eviction moratorium were made with this latest extension. However, the CDC also announced that this latest extension “is currently intended to be a final” extension and the “CDC does not plan to extend the order further.”

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