CRE Valuation in the Shifting Landscape

From beginning to end, the pandemic recession was a highly unusual downturn. Unlike the financial crisis, which resulted from structural factors inside markets and the economy, the recent recession was triggered by a sudden, exogenous shock. And it ended after a mere two months—the shortest recession on record, according to the National Bureau of Economic Research.

While the sharp downturn was short-lived, it catalyzed various changes with long-lasting impacts, some of which seem ir…