Almost every type of asset is in a bubble. However, according to the NAR commercial real estate prices are down 6% and transactions are down 28% compared to a year ago: https://www.nar.realtor/commercial-real-estate-market-trends-and-outlook/april-2021-commercial-real-estate-market-trends-and-outlook. There is reason to believe that CRE is one of the few assets that is currently undervalued.
In the past, the commercial real estate market has often lagged behind the residential real estate market by a few months. Given the recent boom in the latter and the reopening of businesses, what do you think of the current opportunity in commercial real estate? Which types (office, manufacturing, R&D, retail) could have the most demand in the coming months?