Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Irvine, CA

While many investors are trying to make reasonable and informed forecasts about the depths of what is likely an oncoming recession, it is difficult to nail down. That is because, in many ways, this recession is not like those that have come before, according to Bill Shopoff of Shopoff Realty Investments. The economic disruption is related to a public health crisis, and can’t be rectified until the public health crisis is. That is an added challenge to real estate investors. In the short-term, he predicts decreased rents and pricing, but is still hopeful for a swift recovery.

“Rents will also be reduced in the short run, and deferred rents will be an issue, but this downturn unlike those in the past, is not as a result of overbuilding or other real estate based, or even general economic issues,” Shopoff, president and CEO of Shopoff Realty Investments, tells GlobeSt.com. “There may be lingering pricing issues, especially in weaker markets or with certain asset classes, but overall, we are optimistic that the rebound will come sooner than later.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.