On the commercial side, the market is definitely on a down-tick, but opportunities abound. Fire-sales and foreclosures are met with ample buying exuberance as times like these are when the best deals can be had.
Besides the effect of the pandemic, the seasonal change has contributed a lot to the commercial market. It is observed that the highest number of real estate listings come between June to October, then drop by November. These are the times when more serious buyers tend to buy new properties.
2021 will be a tumultuous year for the commercial side.