The pandemic has led to a recession and double-digit unemployment figures, with our service industries hardest hit as forced lockdowns rolled across the globe. With restrictions easing for businesses in North America, we are beginning to get back to what will now be called “normal”. Every business owner is taking a calculated approach to restarting and many are still trying to figure out how to survive these challenging times fraught with uncertainty. At the top of this list (hopefully) is safety for workers, customers, and society. Just below is business sustainability. In every business owner’s sustainability plan, costs need to be rationalized, and one of the largest costs that operators incur is tied real estate.
This week we dive into the investment landscape in commercial real estate and REITs.