Commercial real estate sales in the U.S. surged to a new record in 2021. Led by investors looking to capitalize on how the global pandemic has reshuffled the market, they splurged on warehouses, apartments and hotels. According to analytics by The Wall Street Journal, commercial property sales totaled $809 billion in 2021, nearly doubling 2020’s mark and topping 2019’s pre-pandemic $600 billion. Warehouses have become especially popular in the sector as e-commerce fulfillment centers have become more in-demand.
Commercial Real Estate Surges in 2021
