The availability of debt is one of the reasons why Class B apartments should weather the storm.

The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery.

Tenants are re-assessing per employee space allocations with an eye toward de-densifying and providing more space per employee, says the REIT's Steven Durels.

According to research from Cushman & Wakefield, the tech sector will contract in step with the rest of the market this year.