Insight from the Transwestern Commercial Executives

Yesterday I was on a webinar with Larry Heard, CEO, and Chip Clarke, President and here are the highlights…the office industry will come out of this COVID-19 fine, but there will be a period of transition and adjustment. It won’t be business as usual. Working from home seemed to turn out fine for many of us, but for others they ask, ‘Who wants to do this long term?’ There may be dramatic changes in the way we Office, how we spread employees out and limit interaction. Employee density will lighten up.

Logistics and multi-family will come out of this okay once jobs return and renters can pay their rent.

Healthcare should be fine, when we get out of this, folks still need to get glasses and see their dentist. Brick and mortar stores will be the most impacted. Amazon importance has accelerated and this may be here to stay.

Millennial’s have led the movement to urbanization away from suburbs, and it remains to be seen how this trend goes.

Overall commercial real estate will be great, but we are just not sure when.