Analysis

Amazon and Google begin to lay out reopening plans.

Only the East Orange and South Orlando submarkets registered positive absorption.

As vaccines roll out, retail will be more balanced between physical store sales and e-commerce.

2021 will be difficult for the office sector but ultimately it will be bolstered by expected growth in the professional and business services sectors.

As the vaccinations and stimulus support an economic recovery, household formations are expected to surge.

"Our fiduciary responsibilities are increasingly taking us into new territory that requires attention to the multitude of social factors that impact asset value."

Tech accounted for 17% of all US office leasing last year by square footage.

Healthcare entities will likely need less space for admin roles as people continue to work remotely.