The COVID pandemic may have changed commercial real estate forever, according to John Chang, senior vice president, national director research and advisory services, who spoke to specifics during a recent video produced by his firm, "The Lasting Impact of COVID on CRE."
"Even though we've effectively left the COVID pandemic behind, the residual effects are still with us," according to Chang.
People's behavior, values, and lifestyles have changed, and that will continue to influence, which commercial real estate property types and locations will have sustained tailwinds, he said. And that will influence commercial real estate performance over the long term, in turn influencing investor decisions.
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