COVID-19

Tenant demand will shift away from class-A high-rise properties and embrace low-rise properties.

Only 75.4% of households made rent payment in the first six days of December, a nearly 8% decrease from the previous month.

The majority of workers will return to offices following the pandemic, but there will be a substantial increase in the remote work segment of the employment market.

After posting positive growth during the summer months, the threat of rising COVID-19 cases eliminated the October bump in almost all markets.

As rent revenue declines, expenses are rising.

This time last year no one could have imagined how 2020 would turn out. But with the contours of a once-in-a-lifetimes Black Swan event now clear, we now have a realistic sense of how 2021 might unfold.

One reason is that landlords may not be able to go onsite to audit sales figures because of restrictions around the pandemic.

Los Angeles rents fell 6.1% this year, while suburban rents only declined 1.4%.