Commercial real estate weathered a difficult year in the wake of the COVID-19 pandemic. Physical distancing changed the way we inhabit and interact with physical space, and the cumulative effects of the virus have made demand for many types of space go down, leaving markets reeling and “in recovery mode.”
Despite its challenges, 2021 was a year of transformation for the industry. The year ahead is likely to see further improvement in our markets as the economy continues to recover.
Here, the research team at SVN fixes its eye on the horizon, offering predictions and guidance on the year ahead for commercial real estate.
We offer three trends likely to persist through 2022:
1. The suburban office renaissance is still in its early stages.
2. Apartment cap rates will see upward pressure.
3. The labor market shortage is not going away.
Click here for the full SVN Annual Report December 2021