New York City, New York—08/18/2020: The commercial real estate market, like the residential real estate market, is subject to cyclical trends. Investors are always interested in knowing how these trends affect their investments and whether it’s a good time to expand their real estate portfolio. These ever-changing trends are difficult to read and keep up with. Joe Malvasio of GCP Fund shares his insight on what’s going on in the world of commercial real estate this year.
The real estate market in the United States has been a viable investment option for individuals and institutions looking to increase their wealth. This growth was expected for 2020 as well. However, the coronavirus pandemic has led to much uncertainty.
With cases increasing throughout the country, the future is quite uncertain, which is why the insights of a professional are beneficial. Joe Malvasio has been associated with GCP Fund for 3 decades now and has led the company to success. Over the years he has introduced more financing options based on the needs of commercial clients and increased their pool of international lenders, making them one of the leading private lending companies in the country.
According to Joe, the pandemic forced commercial real estate occupants to adapt quickly. While many didn’t expect the changes to last as long, financial offerings had to evolve according to the need of the hour. The pandemic is still a serious concern in the United States, even though businesses have opened up again―which requires some changes in the borrowing instruments needed.
The demand for office spaces is likely to rise once again since companies now have to maintain social distancing rules while at work. Doing so reduces the chance of spreading the virus, which not only helps flatten the curve but also allows an organization to work at full capacity. Due to COVID-19, commercial landlords will have to spend money on making changes to their office buildings in order to attract tenants.
Joe reiterated that the changes caused by the pandemic, in general, have been challenging. However, the outlook for commercial spaces is positive. As the economy continues to open up, he expects many industries to make a recovery.
"I, Joe Malvasio, am an authorized distributor of news and have the authorization to use the company’s name, Global Capital Partners Fund, in press releases."
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