To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionPGIM releases 2021 global outlook
As the vaccine rollout takes effect, the U.S. economy is set to benefit from several tailwinds through the second half of the year, including the prospect of a full reopening, a boost to spending from accumulated savings and further fiscal stimulus, according to PGIM Real Estate.
“With the right approach to asset management, necessity-driven retail sites, such as neighborhood centers, can be adapted to benefit from online spending by acting as low-cost fulfillment centers,” said Kelly Whitman, executive director, Americas investment research at PGIM Real Estate.
Real estate tenant demand has turned a corner, supported by improving economic conditions and a strengthening labor market.
To read the full report, click here.