Trepp Outlook ‘Cautiously Optimistic’ But Concerns Are Clear

For instance, more than half of respondents said policy and regulation would impact CRE negatively.

By Lynn Pollack | August 27, 2021 at 06:55 AM

A stunning 90% of respondents recently surveyed by Trepp say they think economic occupancy for the office asset class will be less than pre-pandemic levels, a figure that sets the sector behind retail and hospitality.

Of that total, 44% of professionals surveyed in Trepp’s 2021 CRE Sentiment Survey also said economic occupancy—not to be confused with physical occupancy—for the office sector would be well below pandemic levels. And 90% also said economic rents would be lower than pre-COVID levels.

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