Through the ups and downs of the pandemic, a few CRE sectors remained stable and continue to perform well. These include industrial, self-storage facilities, and grocery stores. As we reach the halfway mark of 2021, continued vaccine distribution is increasing activity across all facets of the US economy. As a result, lenders are becoming more comfortable with exploring, with lesser underwriting restrictions, retail, office, and other property types that struggled during the pandemic.
As of July 6th, the 10-year treasury rate dropped down to 1.36%. Is this a signal that recovery from the pandemic is slowing down?