- Property types most impacted by COVID – Hotels, Seniors Housing, Retail and Office
- Summer travel surge supported Hotel recovery; Bifurcation evident depending on the segment
- – Buy-side sentiment at 9-year high as investors pursue an opportunity
- Seniors Housing is on a slower path to recovery, but trending in the right direction
- – Consolidation by large operators driving much of the investment activity
- Like Hotels, Retail sector facing steep bifurcation, but elevated consumer spending is positive
- – Necessity-based centers doing well while in-person retailers & older indoor malls struggling
- Office sector outlook still shrouded in uncertainty; COVID containment and future of WFH key
- – Absorption turned positive in 2Q 2021, but Delta surge and return to work delays damaging
- Although these asset classes faced hardship over the last year, opportunities still exist
- Some investors opting to consolidate or pursue value-add/adaptive reuse investments
Randolph is a Multifamily Investment Sales Broker with eXp Commercial servicing Multifamily Buyers and Sellers in the Greater Chicago Area.