Investors bet big on apartment buildings, warehouses and on U.S. growth shifting to the Sunbelt as the pandemic reordered peoples’ lives, explains ahirtens WSJWhatsNow
Investors set a record for U.S. commercial-property sales last year, betting that the pandemic is reordering how Americans live, work and play.
Real-estate buyers loaded up on warehouses, which serve as fulfillment centers for the e-commerce boom. They bought apartment buildings to capitalize on record high rents. They paid up for resorts and vacation-oriented hotels that benefited from the resurgence in travel to leisure destinations.
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