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2021 Interview of 429 Experts around the World on Covid-19
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G. Evan BennettCountry: USA
City: Seattle
Position: Founder & Managing Member
Organization: Anthology Capital
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 |
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| Shopping |
|
| Industrial properties |
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| 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?
It’s highly likely that most office workers will adopt a hybrid model of remote and office work. This suggests that tenants may not require as much space as prior to the pandemic. However, those workers that do return to the office will likely find the amount of space allocated to each worker has increased. In the aggregate, this could put some downward pressure on demand. Office operators that demonstrate the safest environments will maintain stabilized occupancy rates and strong rental rates.
How should we adjust ourselves in real estate business?
It will be vital for operators to collaborate with their tenants more than ever before. Put smart systems in place that provide real-time data on properties to all stakeholders and address safety concerns as soon as they are known.
Which sectors are you in? (multiple choices)
2021 Interview of 429 Experts around the World on Covid-19
