The pandemic has affected real estate sectors in different ways
There has been considerable variation in LRE performance across sectors, geographies and quality of properties. Traditional sectors such as office, retail and lodging/resorts have been especially hard-hit. Whereas residential property and other commercial real estate sectors that support the digital economy, including warehousing and data centres, have enjoyed a surge in demand. The pandemic has accelerated a number of structural trends that were already evident prior to the crisis and these themes are expected to continue driving strong returns after the pandemic.