The strategy is to combine the customer inventory warehouse space with traditional retail real estate.

"The industrial market enters the second half of 2020 well positioned to record increased demand for available space and inflows of investor capital," Marcus Millichap research analyst Erik Pisor said.

"Before we bid farewell to the office market, we should be reminded that this property sector is resilient. It benefits from a few underlying fundamentals that give it strength during times of market disruption," said Trepp's Lonnie Hendry.

"The pandemic has put a premium on e-commerce activity," Scott Amoson, director of research for Colliers International in Atlanta.

"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily," a team of Yardi Matrix researchers reported.

"Preliminary numbers indicate that the CMBS delinquency reading is set for a sizable decline," Trepp's Manus Clancy said.

"There was concern initially that while office buildings emptied out, multifamily buildings would be crushed by higher occupancy than what operators are used to and systems are designed for," Enertiv said. But New Yorkers had gotten out of town.

"For real estate, with long-life fixed assets, there is — literally — a real possibility a building might one day be underwater because of climate change," MSCI Research Executive Director Bryan Reid said.