Like many industries in 2020, commercial real estate (CRE) had a volatile year caused by the COVID-19 global pandemic. The market saw the continuation of recent trends, such as increased demand for industrial space, and new trends such as increased free rent concessions and delayed commencement on leases.
As trends changed in the overall CRE market, so did our users’ demand for specific types of lease comps. Here are the most popular lease comps our users unlocked in 2020 and an overview on how their interests adjusted once the pandemic hit.
- Amazon’s Bay Area industrial lease executed in July 2019 was the most unlocked comp of the year
- Healthcare Equipment & Services continued to be the most popular tenant industry
- Bristol-Myers Squibb’s lease in Boston executed in August 2020 was the most unlocked Pharmaceuticals, Biotech, and Life Sciences comp in 2020
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