The commercial real estate market is booming. U.S. commercial real estate investment will hit a record $746 billion in 2021, according to a new report from CBRE. This is an 86% increase from the previous year.

In context, however, that’s compared to when the COVID-19 pandemic hit the U.S. in 2020, triggering a massive downturn in retail across the board.

But 2021 marks a comeback for the business industry. Multifamily led all industries in fourth-quarter and full-year investment. It made $136 billion in the fourth quarter and $315 billion for the full year, according to CBRE.