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Appraisals and Valuation Concerns in the Current Market

Simonson Real Estate

Over the past two months, I’ve participated as a panel moderator or speaker on several commercial real estate webinars and live events with Bisnow, Minnesota Real Estate Journal (MREJ) , NAIOP , and Minnesota Real Estate Exchangors (MREE). Gary is the chair of Larkin Hoffman’s real estate litigation practice group.

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Commercial Real Estate Appraisal and Valuation in the Time of Covid-19: What Is the New Normal?

Simonson Real Estate

How has COVID-19 affected the appraisal process and the values of the various markets and submarkets of commercial real estate? Retail properties fell off a cliff in Minnesota between the first and second quarters of 2020. With respect to property types, quite clearly restaurant, retail and hotel properties have been hard hit.

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