Fear of missing out often applies to buyers and investors. They see a bubbling market and want a piece, driving up prices.
In its recent report, US Real Estate: Retooling for the Recovery, which looks at multiple aspects of the US CRE markets, BlackRock addressed the topic, but not from the investor side. Instead, it came at it from the point of society.
"We're talking about FOMO in tenants and consumers," Steven Cornet, BlackRock's head of U.S. research and strategy, real estate, tells GlobeSt.com. "We've been locked up in a home, we all want to go back to travel and restaurants."
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