WHICH CRE PROPERTY TYPES WERE MORE IMPACTED BY COVID?

 

Survey Results: Which Property Types Were Most Impacted by COVID?

  • Property types most impacted by COVID – Hotels, Seniors Housing, Retail and Office

  • Summer travel surge supported Hotel recovery; Bifurcation evident depending on segment

    - Buy-side sentiment at 9-year high as investors pursue opportunity

  • Seniors Housing on slower path to recovery, but trending in right direction

    - Consolidation by large operators driving much of the investment activity

  • Like Hotels, Retail sector facing steep bifurcation, but elevated consumer spending is positive

    - Necessity-based centers doing well while in-person retailers & older indoor malls struggling

  • Office sector outlook still shrouded in uncertainty; COVID containment and future of WFH key

    - Absorption turned positive in 2Q 2021, but Delta surge and return to work delays damaging

  • Although these asset classes faced hardship over the last year, opportunities still exist

  • Some investors opting to consolidate or pursue value-add/adaptive reuse investments