go Back
2021 Interview of 429 Experts around the World on Covid-19
-
Stephen MalpezziCountry: United States
City: Boston
Position: Professor Emeritus
Organization: University of Wisconsin-Madison
On the whole, what was the percentage change in housing prices in your city during end 2019 to end 2020In your opinion, what will be the percentage change in housing prices in your city during end 2020 to end 2021
When will the property markets recover after Covid-19?
| Sector | Answer |
| Agricultural land |
|
| Urban land |
|
| Office |
|
| Shopping |
|
| Industrial properties |
|
| Hotels |
|
| Resort properties |
|
| Rental housing & rental apartments |
|
| Owner-occupied apartment or condominiums |
|
| Detached houses, rowhouses or low-rise residence |
|
| Residential land subdivision |
|
| Retirement living |
|
| Overall Assessment for your country |
|
What are ‘new normal’ in real estate in your opinion?
COVID has accelerated already evident decentralization; a few central business districts (Manhattan, San Francisco) will see higher rates of office vacancy, buildings repurposed. Nationally, retail real estate will continue to suffer, with exceptions for very high end and the very low end ("Dollar Stores.") Central city apartments will reprice.
How should we adjust ourselves in real estate business?
Obviously both risk and uncertainty are higher than normal across property types and locations. Flexibility, avoiding excess leverage will be more important than ever. See http://reudviewpoint.blogspot.com/2020/10/cities-and-pandemic-observations-and.html
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
