In June, The Counselors of Real Estate released the results of its annual survey of members to identify the current and emerging issues expected to have the most significant impact on real estate for the foreseeable future. Last year, the COVID-19 pandemic was the leading concern of the 1,000-member organization — and many of the issues this year reflect the move toward a post-pandemic future. But the survey also surfaced other issues that will continue to affect the real estate industry.

The following is a list of current and emerging issues expected to have the most significant impacts on real estate in 2021 and 2022, as identified by the members of The Counselors of Real Estate.

Bifurcation of capital markets. While we may not be experiencing the steep drops on our roller-coaster ride since March of last year, the ride is far from over. When we look back at the past 15 months, what becomes clear is how different the market-changi