Mid-Year Delaware Market Update
After finishing a strong first quarter -- which followed a strong 2019 -- the commercial real estate industry like many others was rocked by the COVID-19 pandemic. Joe Latina, Principal of Patterson-Woods Commercial Properties/CORFAC International in Wilmington, DE, and 2020 CORFAC Vice President, offers a market update for the greater Delaware area for the first
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.