MetroGroup Predicts a U-Shaped Recovery

MetroGroup Realty Finance is predicting a U-shaped recovery. While better than some estimates, a U-shaped recovery will mean that the impact of the pandemic will linger for many years. In addition businesses will have to adapt new business models and address shifting fundamentals across sectors. In many ways, the true impact of this economic event have not yet been realized.

“We anticipate a U-shaped recovery in that the effects of the pandemic will linger for several years,” J.D. Blashaw, VP of MetroGroup Realty Finance, tells GlobeSt.com. “Some industries are having to fundamentally change their business models to adjust to changing consumer behaviors, which may require longer-term strategies and capital investment. We are already seeing several hotels being converted to multifamily apartments in major metropolitan areas. We will continue to see retail reinvent itself and adjust to changing demographics, lifestyle changes and consumer behaviors.”