The obvious takeaway from the commercial real estate market is that this year trumps last year.

Last year, the emergence of the coronavirus drove the market down; now the virus’ partial retreat has buoyed activity.

“Industrial and multifamily have been the darlings (of the second quarter),” said Jim Markel, vice president and regional manager of Marcus & Millichap Inc. in Encino. “There is a return to safety to net lease and cap rate compression.”


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