2021 Predictions & Person of the Year | No Mercy / No Malice

Some will return to physically co-working with strangers, and some employers trapped in the past will force people to go to offices, but the illusion that the office was about work will be shattered forever, and companies that hold on to that legacy will be replaced by companies who embrace the antifragile nature of distributed organizations.

In our view, the short-term impacts to real estate are highly varied by asset type. Office space tends to be safer during market disruptions simply due to longer lease terms and a corporate tenant base. Hotels, restaurants and retailers are particularly vulnerable as a result of widespread travel bans and social distancing policies. We also expect ... See more