Short term demand headwinds continue to plague the office sector as remote work carries on throughout the pandemic; however, experts such as Will Pattison, head of real estate research at MetLife Investment Management, are optimistic that a significant long-term impact is not imminent.
In his new report, The Pandemic Pitfall: Short-Term Forecasts Could Drive Mispricing in U.S. Office, Pattison posits that many investors may be misled by short-term negative sentiment against certain real estate markets, creating a unique buying opportunity for investors over the next several years.
The report notes some of the markets likely to experience the worst impacts in the near term may also have the strongest demand over the next decade. In particular, cities such as San Fra