The last three years have been unequivocally stressful for commercial real estate. As we collectively navigate the unknown – from pandemic aftershocks to extreme weather – it’s important to understand how the commercial property market has been affected, and the steps you can take to better protect your business from disruptions. Professionals at The Hartford highlight the current economic, industry and underwriting risks that will impact commercial real estate.
Economic Shifts May Boost the Property Market
The rapid rise in interest rates reduced activity in the property market over the past year. However, data suggests that housing is generally mixed, though building activity is slowing. And nonresidential is seeing resilience in select areas.1