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Demand is likely to increase in secondary markets as workers remain dispersed.
While economic growth should accelerate, the labor market will recover more slowly.
The cost of financing is roughly double what it was before COVID.
Collections for public housing reached 97% of 2019 rates, and affordable housing reached 83%—the highest level for the latter class since June.
The typically apolitical commercial real estate industry has come out strongly against the past week's events.
Even without significant legislation, the Biden administration could have a meaningful influence on industry profitability through executive orders.
The magic actually in development is trying to read the future.
Labor, materials and regulation have driven a steady increase in construction costs, which reached new records during the pandemic.
Cushman & Wakefield has identified 10 signs that could indicate CRE and global economy are transitioning to a recovery phase.
Secondary markets have a greater appeal in the short run due to COVID-19, but they also address longer-term demographic trends.