Friday, November 27, 2020
|CBRE predicts 20% reduction in total U.S. retail square footage by 2025|
|Published Wednesday, November 18, 2020|
According to CBRE’s 2021 U.S. Real Estate Market Outlook, "2020 will be remembered as a year of extremes, from GDP’S unprecedented 31.4% drop in Q2 to its remarkable 33.1% growth in Q3. While continued recovery depends on a medical solution to COVID-19 and on additional government stimulus, GDP is expected to end 2020 down by only 4.0%, followed by a 4.5% rebound in 2021."
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