The pandemic and resulting slowdown has uncovered a couple of interesting factoids. For one, trampoline sales are through the roof, pun intended. So are Netflix’s stock price and alcohol sales.
For more data directly related to commercial real estate, the Kidder Mathews’ multifamily investment team of Dylan Simon and Jerrid Anderson recently analyzed the recent rent and occupancy trends in King County. The team discovered the multifamily market is performing well–and certainly significantly better than nearly all other commercial real estate asset classes. And, the CRE market is in early innings of how the current pandemic will impact the broader economy along with the Puget Sound apartment market.
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