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.”

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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.

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