June 26, 2020

CBRE Econometric Advisors has revised its forecasts for all property types as economic conditions and the state of the COVID-19 pandemic evolves. In a series of ViewPoints, our economists provide outlooks on the macro economy, rent, availability, and sector recovery projections.

Remote Working: The Potential Impact on Office Demand

Due to the counterbalancing effects of remote working potentially causing a decline in the need for office space and social distancing requirements potentially increasing office space needs, CBRE forecasts only a modest to moderate decline in office demand in the next five years.

Hotel Industry Update: A Slower Recovery Ahead

An uptick in COVID-19 cases threatens to derail a streak of nearly three months of positive hotel occupancy gains, but CBRE EA still expects a strong hotel revenue recovery in 2021 and 2022.

Office: The Changing Expectations for U.S. Office Recovery

Despite the staggering rise of unemployment and negative GDP figures, the office sector benefited from a fast adaptation of work-from-home policies.

Industrial: Pandemic May Bring Lasting Shifts in Industrial Sector

The industrial sector will not escape the current recession unscathed, but it will experience a quick recovery and an improved outlook in outer years.

Retail: Retail Recovery Varies by State and Category

The impact of COVID-19 has put additional pressure on the retail sector, which has faced challenges with competition from e-commerce and changing consumer preferences for years leading up to the current pandemic.

Multifamily: Multifamily’s Recovery from COVID-19: 2020 and Beyond

Multifamily fundamentals are projected to follow a similar shape as the U.S. economy over the next two years: a sharp downturn followed by a quick recovery.

COVID-19 Outbreak

We remain steadfast in providing timely insights and expertise during this unprecedented time.