Quote:
Originally Posted by chassis
Flacht3 Real estate will change. I have some recent, peripheral, experience in this. WFH will strongly impact the business furniture industry, as well as construction and building materials companies.
Real estate itself will change but might take longer to play out. Industrial land and buildings in my view will remain strong, as will residential construction and development. All other sectors will likely evolve. I am speaking from a United States point of view.
|
Yup.
A lot of commercial real estate is already dead. Those strip malls near office buildings that shift to WFH are fucked.
The question is, with all the people who invested into commercial real estate. WTF are they going to do now? The demand for new restaurants etc. is going to die down pretty sharply after this.