WFH has reconfigured real estate, and malls may lose out
Working from home has split property assets into the good, bad and ugly, as staying fit at home and eating at home also become the norm
23 December 2020 - 11:33
Work from home (WFH) and lockdowns have carved up the real-estate sector into a handful of winners and many more losers. The resulting split into the good, the bad and the ugly presents a challenge for investors who expect diverging valuations to revert to historic averages in 2021.
As the pandemic took hold, investors hoovered up shares in warehouses and logistics centres that facilitate the socially distanced economy. Mall owners were abandoned. Between the two extremes, offices suffered, but not as much as feared...
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