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A tale of two real estate markets

Infographic: Commercial real estate is in a slump, but home sales are going gangbusters.

1602169817105 - A tale of two real estate markets


Infographic: Who got Paycheck Protection Program loans and for how much?

Tale of Two Real Estate Markets

In general, commercial real estate has slumped since the start of the pandemic. But bright spots remain - including distribution warehouses. Home price, by contrast, are souring, particularly in suburbs and smaller cities.


2020 Losers:
  • Department stores
  • Shopping malls
  • Specialty retail
  • Hotels
2020 Winners:
  • Warehouses
  • Self-storage facilities
  • Supermarkets and pharmacies
  • Restaurants with takeout/delivery service

Office Vacancies

  • 17.4% office vacancies expected in 2020
  • 12.8% office vacancies in 2019


  • The national median listing price is $350,000, up 10% from 2019
  • Average time spent on market:
    • 2020: 56 days
    • 2019: 61 days
  • Newly built single-family home sales are up 43.2% as of August 2020, year over year from August 2019
Factors influencing housing prices in 2020:
  • Low interest rates
  • Low inventory (down 36.4% from 2019)
  • Pent-up buyer demand
  • Shift from cities to suburbs
  • Remote workers want more space
Sources: U.S. Dept. of Housing and Urban Development, Cushman & Wakefirled, Realtor.com, ManageCasa, CNN