Here Are Real Estate's Winners and Losers In the New Normal
The recession and new health protocols are impacting tenants, landlords and developers. The pandemic is affecting certain areas of real estate differently. Residential housing has stayed resilient throughout 2020. Commercial real estate (CRE), however, is severely impacted as lockdowns forced offices and shops to close. But there’s a silver lining to Americans changing their shopping behavior : Online sales and work-from-home (WFH) are creating lucrative opportunities for cold-storage warehouses, distribution centers and remote working spaces. We explore how the historic downturn and new health protocols are impacting tenants, landlords and developers. Residential stays robust Many renters are struggling but residential property owners are seeing a rise in asset values. Between 30 and 40 million Americans are potentially facing an eviction, according to data from U.S. Census Bureau. Thus, up to 23 million workers i...