Investors are still buying properties in markets prone to wildfires, floods and hurricanes, betting on insurance and mitigation measures for protection.
Consistent with the 2020 survey results, the vast majority of respondents (90 percent) saw an increase in their expenses with an estimated mean increase of 9.1 percent. Nearly half of respondents (49 percent) believe those COVID-19 related increases are likely to be permanent. It is notable that the percentage that hold that view has improved compared to 57 percent in the 2020 survey who expected the increased expenses to be permanent.
As the U.S. confronts the Delta variant, many firms are updating their return to the office plans, in some cases postponing them, in others requiring vaccinations.
The Wall Street Journal reports that the long delays in distributing federal COVID-19 rent relief continue. A new survey from PwC shows that an increasing percentage of remote workers do not want to return to the office. These are among today’s must reads from around the commercial real estate industry.
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