Without a doubt the pandemic has upended commercial real estate. What were once solid tenants and asset classes have been thrown into doubt as social distancing has forced people to remain at home. In response, new practicessuch as a permanent shift to remote workonce seen as unlikely are now being seriously contemplated by many companies. Up is now down, down is now up and so on. 

But executives at RCLCO caution the CRE community not to make too many assumptions based on what is happening at this moment as the nation continues to respond to Covid-19. In a recent webinar, they took a look at the myths that have emerged about the commercial real estate industry as a result of the coronavirus.

The Myth

The steady shrinking footprint of apartment units over the past ten years is now over. ‘Everyone’ recognizes the need for space. 

The Reality

Larger apartments may indeed become a trend among some renters but it is too soon to call this theory a trend yet, said managing director Erin Talkington. “It is tricky to decide how many people will make that decision right now. Not many people are moving at the moment and there are some good questions about how it is not so much the actual square footage that matters but how you use it.” It is possible, she added, that what this really will be is a trend about layouts, such as fitting an office space in a studio apartment. 

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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 © 2024 ALM Global, LLC. All Rights Reserved.