When looking at pre- and post-pandemic in the framework of commercial real estate, there's a sense that things have changed. Office is an obvious case. Work from home, the ability to get talent anywhere, and move-to-quality have conspired to shake up that market.
But it's not the only change, where longer-term trends have really taken hold. Demographic shifts have changed where to seek various hot markets. Medical outpatient buildings are changing how traditional medical office and hospital have worked. And now, according to RealPage, multifamily prime leasing season has taken a hit.
Seasonality isn't completely gone, but the period when multifamily owners and operators could count on burning down the vacancy rate isn't doing what it once did.
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