While the COVID-19 pandemic drastically altered the commercial real estate landscape, it was perhaps a driving factor in the success of the land sector during the year 2020. In a survey conducted by GlobeSt., nearly 22% of land brokers experienced a significant increase in business during the pandemic, while 33.6% of brokers only saw some growth.
When I was a lad I had a job mowing yards and my meager earnings went into a passbook savings account that paid 5% interest. It wasn’t much, but it would be a welcome rate to anyone with savings on a fixed income today. All investors today are trying to balance the need for higher returns on their capital with the risk of not getting the return of their capital.