Analysis

"The current crisis is refocusing decision-making on the sustainability of investment opportunities and on building more resilient portfolios to guard against future crises such as climate change," JLL's Gianluca Romano said.

The third monthly survey from the professional organization measuring COVID-19's impact saw an increase in overall market confidence and increased on schedule transactions in the industrial sector.

The acute phase of the COVID-19 pandemic has led to different levels of operating stress across the healthcare system, according to BTIG's report.

Hotel transactions internationally dropped by half in this year's first five months and by 87% in the second quarter compared with the same time frames last year.

While near-term metrics for student housing contain bad news, analyst Keegan Kelly wrote that the market is likely to recover when a reliable vaccine becomes available, hopefully by the start of the 2021-22 school year.

"Needless to say, there is much more work to be done, both in terms of effective, transparent reporting and community engagement, especially with respect to bringing African Americans and other people of color into the REIT and real estate investment industry," Nareit CEO Steven Wechsler said.

The key word in JLL's economic projection is uncertainty—about the pandemic and how the government will react to it.

RCLCO's sentiment survey predicted that following a pandemic-driven plunge, some sectors of the real estate market are "coming off the bottom."