Uncertainty and doubt—two words no one likes to hear. Over the course of the pandemic, the commercial real estate sector has seen its ups and downs, depending on the industry. As we enter 2022, Farber breaks down the current shape of commercial real estate and ponders the question—what comes next?
As we approach the two-year mark of the pandemic, it’s clear that overall, businesses around the world have suffered severe impacts. What’s intriguing, though, is the differential effect it has had by sector, with some sectors experiencing collapse from restrictions and lockdowns, and others have prospered on buoyant demand. However, nowhere has the disparity been more pronounced than in the commercial real estate sector, perhaps because it shares the fortunes and mishaps of the diverse industries it houses. A review of the main subsectors is illuminating.
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