It’s Time to Debunk These Covid-19 Myths
Myths about future apartment sizes, office demand and reshored manufacturing were tackled by executives at RCLCO in a recent webinar.
July 29, 2020 | Erika Morphy | GlobeSt.com
Without a doubt the pandemic has upended commercial real estate. What were once solid tenants and asset classes have been thrown into doubt as social distancing has forced people to remain at home. In response, new practices—such as a permanent shift to remote work—once seen as unlikely are now being seriously contemplated by many companies. Up is now down, down is now up and so on.
But executives at RCLCO caution the CRE community not to make too many assumptions based on what is happening at this moment as the nation continues to respond to Covid-19. In a recent webinar, they took a look at the myths that have emerged about the commercial real estate industry as a result of the coronavirus.
The Myth
The steady shrinking footprint of apartment units over the past ten years is now over. ‘Everyone’ recognizes the need for space.
