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Office Will Remain CRE's 'Wildcard' As Economy Recovers

As the crisis winds down, the competition for assets will begin to rise as confidence returns.

By Lynn Pollack | May 10, 2021 at 07:00 AM

The overall outlook for CRE investment remains strong and is getting stronger for 2021, though office will remain the “wildcard” as companies and workers continue to grapple with how, where, and when to return to physical office space, according to a new analysis by Marcus & Millichap senior vice president John Chang.

“In general, the outlook is strengthening,” Chang said in a recent video. “We’re still not out of the woods yet.  There are still many variables in play. But the accelerating pace of vaccine distribution is promising and it brings with it a strengthening commercial real estate outlook.”

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