#0065 - Top 10 Commercial Real Estate Predictions for 2021-Are They Coming True?

Confessions of a Recovering Landlord

It's time for another list of predictions that we can tear apart. Today, the top 10 commercial real estate predictions for 2021-even though we're half-way through the year! Let's see just how accurate these really have been so far.

I love tearing into these crystal ball projections to see what I agree with or not. A law firm in California, Allen Matkins, conducts an annual forecast event and publishes the top trends for the coming year according to CRE "experts". The list we'll discuss today was created in November 2020 - 8 to 9 months ago. How much do you think will look brilliant in hindsight versus what will look really stupid. By the way, shout out to The Tenant Advocate, Benjamin Osgood, for posting about this on Twitter. Here's our springboard list for discussion:

1. Rapid But Uneven Market Recovery
2. COVID-19 Will Bring a Widespread Expansion of Office Touchless Technology
3. Employee Office Culture Will Return
4. The Office of the Future Will Prioritize Collaboration
5. Global Capital is Still Looking to Invest in the US
6. COVID-19 is Accelerating Technology Trends That Were Already Occurring
7. Leasing Transactions Continue to be Extremely Slow
8. Renewals Will Dominate the Leasing Market for the Next Year
9. Construction is Generally Moving Forward on Schedule
10. Permitting Challenges are Widespread