CPE’s October 2020 Must-Reads

Catch up on our most important stories, interviews, rankings and analyses from last month.

More than half a year into the pandemic, its long-term effects seem deeper now than previously expected. As many tech giants have announced that employees will continue to work from home for at least a year, attention has inevitably been focused on the office market. In October, we learned that tech tenants are likely to shed office space in the near future, according to a Savills survey. At the same time, since office-using employment has been less impacted than other sectors, markets with a heavy technology presence performed better through this downturn and are poised for growth once the pandemic subsides, as noted in a CBRE report. In more news about the office market, a CoreNet Global survey found that commuting five days a week for a 9-to-5 workday will no longer be the norm. Additionally, we also learned that, as children returned to school in the middle of the pandemic, the return to office is ultimately tied to school reopening.

Overall, the commercial real estate industry has seen its ups and downs in 2020, with mixed forecasts ahead. SIOR’s latest survey reported that the market is clearly on a trajectory toward improvement, indicating confidence in the industry. At the same time, NAIOP’s monthly Coronavirus Impact Survey noted that while deals and rent collections have seen month-over-month progress, the office sector is facing increasing rent collection challenges. And Yardi Matrix’s Paul Fiorilla argues that the pandemic is shifting views about government intervention—and its implications for real estate.

The month’s big-dollar transactions included a $14.6 billion deal between Blackstone and a group led by existing BioMed Realty investors for Blackstone’s life sciences business, as well as Americold Realty Trust’s $1.74 billion acquisition of Agro Merchants Group. In South San Francisco, a joint venture of Bain Capital Real Estate and Phase 3 Real Estate Partners sold a life science campus that includes the nation’s tallest life science tower.

Here are CPE’s must-reads for last month:


2020 Leading CRE Law Firms

The number of commercial real estate legal practices and practitioners continues to grow. See which firms made our top 40 list.

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Megaprojects Are Preparing to Face the New Normal

Here’s how three developers altered their large-scale, mixed-use developments to cater to tenants’ needs when the pandemic subsides.

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Top 5 Markets for Office Deliveries

The metros account for almost 30 percent of the square footage that reached completion over the first eight months of 2020.

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Podcast: Reformatting Office, Retail Construction

ORIGIN Construction Co-Founder AJ Mueller and South Florida Division Leader Jay Richmond reveal how large- and small-scale projects are pushing forward amidst the pandemic’s challenges.

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Pandemic Accelerates, Rather Than Starts, CRE Trends

Paul Fiorilla of Yardi Matrix on key takeaways from the Urban Land Institute’s virtual conference.

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CMBS Delinquencies Continue to Drop: Trepp

The delinquency rate has been creeping downward since a surge in May and June.

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E-commerce Fuels Industrial’s Unstoppable Engine

A surge in online shopping is bolstering the warehousing sector, making logistics assets unusually pandemic-resistant.

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Where Are the Top Markets for Short-Term Rental Investing?

AirDNA found a major shift in its rankings of the most promising locations for investment in short-term vacation rentals.

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When Will Convention and Group Travel Demand Return?

RevPAR in dense urban markets remains more than 80 percent below 2019 levels, according to CBRE Hotels Research.

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