Irvine, CA

While many investors are trying to make reasonable and informed forecasts about the depths of what is likely an oncoming recession, it is difficult to nail down. That is because, in many ways, this recession is not like those that have come before, according to Bill Shopoff of Shopoff Realty Investments. The economic disruption is related to a public health crisis, and can't be rectified until the public health crisis is. That is an added challenge to real estate investors. In the short-term, he predicts decreased rents and pricing, but is still hopeful for a swift recovery.

"Rents will also be reduced in the short run, and deferred rents will be an issue, but this downturn unlike those in the past, is not as a result of overbuilding or other real estate based, or even general economic issues," Shopoff, president and CEO of Shopoff Realty Investments, tells GlobeSt.com. "There may be lingering pricing issues, especially in weaker markets or with certain asset classes, but overall, we are optimistic that the rebound will come sooner than later."

While he is optimistic in a long-term recovery, he is also realistic about the disruption to come. "We certainly anticipate that the market overall will experience significant price decreases and rent issues," he says. "Pricing will likely be much lower, but we also don't expect to see many assets transact at those prices."