* Through March
Medical Solution Setting Stage for Major Recovery
- 20% of U.S. adult population fully vaccinated, with an average of 3 million vaccines delivered each day
- 916,000 jobs were created in March; 12 times as many people flew in first week of April as same week last year
- Consumer and business confidence surged in March
Tailwinds Emerging for Struggling Property Types
- Increased air travel signals positive outlook for Hotels
- Elevated personal savings to support Retail – particularly sit-down restaurants, entertainment and service retailers
- Inoculated elderly population likely to return to Seniors Housing, providing strong boost to occupancies
Economic Recovery Will Benefit All Commercial Real Estate
- Wave of consumption will support Industrial demand
- Apartments will benefit from unbundling of households
- Office recovery may take longer, but rising number of companies are announcing plans to return to the office
Sources: Marcus & Millichap Research Services, The Conference Board