REAL Chicago Members and guests enjoyed a virtual Mastermind group session as the world entered into month three of the COVID environment. Overall, the tone of each attendees’ updates were similar. Most felt optimistic that the real estate markets in the industrial, multi-family, and commercial sectors remain strong and will be reopening in the third and fourth quarters. Retail, however, continues to experience its struggles and recent events are not helping that market by any means. Guest, Brandon Svec of CoStar echoed the sentiments of the attendees. He stated that the employment rate and consumer spending habits will ultimately drive how we unfold from this situation. He concluded his remarks with a baseball analogy: “We have a brand-new ballgame and it’s the first inning.” Batter up!
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