SIOR Snapshot of Current Industrial and Office Trends

The Society of Industrial and Office Realtors sent out a great short video that you can access at www.SIOR.com/snapshot. Here are the highlights: Industrial real estate confidence is high at 6.9 (out of 10), while office confidence is low at 4.7. “The pandemic continues to negatively affect almost all market sectors…and is expected to continue to do so for 6-12 months in 2021.” 88% of office specialists expect lower leasing activity compared to just 34% of industrial specialists…58% of industrial specialists reported little concessions versus only 2% of office respondents.