{"id":154578,"date":"2021-12-15T13:01:37","date_gmt":"2021-12-15T18:01:37","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=154578"},"modified":"2021-12-15T13:01:37","modified_gmt":"2021-12-15T18:01:37","slug":"cre-experts-mostly-aced-their-2021-predictions-heres-what-they-missed-and-3-trends-no-one-saw-coming","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/cre-experts-mostly-aced-their-2021-predictions-heres-what-they-missed-and-3-trends-no-one-saw-coming\/","title":{"rendered":"CRE Experts Mostly Aced Their 2021 Predictions. Here’s What They Missed \u2014 And 3 Trends No One Saw Coming"},"content":{"rendered":"
December 9, 2021 | Andrew Martinez | Bisnow<\/p>\n
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The ever-optimistic commercial real estate industry was hoping for the best and preparing for the worst at the end of a difficult 2020, with incoming coronavirus vaccines prompting hope for a rebound.<\/p>\n
Experts assumed big changes for 2021 in response to the pandemic\u2019s wide-ranging impact and actually nailed a lot of their predictions: Developers spending on well-amenitized multifamily assets were rewarded; office landlords rushed to upgrade their buildings\u2019 health and sustainability bona fides; construction starts came back to life, albeit briefly; and niche development trends like office repositionings grew.<\/p>\n
Yet the Covid-19 crisis continued to throw some major curveballs at the industry \u2014 the delta variant postponed the great post-Labor Day office return into 2022 and a pandemic-related shipping backlog created a global supply chain crisis that caused ripple effects across every asset class.<\/p>\n
Industry experts missed on only a few of their 2021 predictions, although much of their failure to deliver stems from coronavirus cases rising and falling through the year, forcing intermittent restrictions. Bisnow took a look at which trends didn\u2019t materialize, plus a few that caught the industry by surprise.<\/p>\n