Office

"We see employment growth going forward, especially since demand has increased for many tech services and products during the pandemic. But it will be at a much slower pace than in 2019."

COVID might not just halt new building, but also force some residential conversions.

"The typical company spends close to a tenth of its budget on its office space, so this is an area that will likely come into focus for expense reduction if the recovery is slow."

If some economists' theory of a "K-shaped" COVID-19 economic recovery pans out, commercial real estate markets for affluent segments may fare better than those for lower-income people or companies.

The real estate services firm now occupies more than 215,000 square feet there.

A new report from Moody's Analytics shows retail property growth will fare worse than office properties, while industrial and multifamily properties are expected to fare better.

Kennedy Wilson Fund VI recently acquired five single-story R&D buildings and a two-story office building totaling 257,000 square feet in South San Jose for $53.5 million.

Air purification systems are front and center for employees and reintegration into office space.