Real estate industry confidence skyrockets as commercial deals rebound
June 11, 2021 | Lois Weiss | New York Post
It was the worst of times, but now the industry is hoping for the best of times.
After an upside-down year of stalled investments, renegotiations of office leases, low residential rent collections and mixed results for retail (grocery and convenience stores thrived, while mom-and-pop shops and restaurants went belly up), the real estate industry is focused on making commercial spaces inviting for employees and customers.
“The operative word is ‘optimism,’ ” said James Whelan, president of the Real Estate Board of New York (REBNY). “There is a real sense that things are heading in the right direction.”
