CRE’s Cautious Road to Recovery
At NAREIT’s virtual REITWeek conference, real estate leaders discussed the impact of the pandemic on operations and offered insights on sustained reopening strategies.
June 5, 2020 | Ben Bruckner | Commercial Property Executive
At NAREIT’s REITWeek Virtual Investor Conference, a tale of two asset types emerged: those centered in essential sectors of the economy and those servicing non-essential sectors.
The good news is that whether their industry was particularly hard hit or left relatively unscathed, all the panelists during a two-part discussion on “Navigating the Pandemic and the Road to Recovery”—moderated by NAREIT’s President & CEO Steve Wechsler and Digital Realty Trust’s CEO William Stein—noted multiple signs of recovery: better-than-expected foot traffic at reopened retail centers, an uptick in leisure travel, improving apartment and self storage leasing, reopened local planning and permitting offices, and hospitals once again performing elective procedures.
The pandemic’s impact on the hospitality, retail and health-care sectors has been well-documented. On the other hand, the performance of the multifamily, self storage and infrastructure sectors has proven to be remarkably resilient.
