14 Jul Commercial Sales Report – June 2020
As May turned to June and the Louisiana heat arrived in full effect, the state moved into “Phase Two” of the federal government’s plan for reopening. While this reopening progress coincided with a slight uptick in sale transactions and total dollar volume month over month, trepidation remained among many investors and the overall business community.
As noted in April and May, there was a case to be made by both optimists and cynics. Sales that were put on hold or extended at the outset of the COVID-19 global pandemic have generally been completed. The transaction and dollar volume during the second half of 2020 appears set to be based largely off a broader economic recovery and level of consumer confidence.