Is the Market Underestimating the Number of People Paying Rent?
The COVID-19 crisis has certainly caused investors to rethink their positions in office and urban apartment real estate investment trusts, or REITs.
The success of remote working has caused investors to question the demand for expensive urban office space. Many renters who were cooped up in tiny urban apartments have decided to head to the suburbs, which is raising concerns over tenant demand, especially if employers begin moving en masse to the suburbs. The other concern has been that increased unemployment will cause borrowers to struggle to make rent.
Are these concerns overblown? Has rental performance really suffered as much as the market seems to think it has?
Source Fool.com