- The outlook for the rest of 2021, into 2022, looks optimistic.
- Altshuler and Nowak believe businesses are more primed to go through the Delta wave.
- Rental properties are also looking good.
On this episode of Weaver: Beyond the Numbers Real Estate Edition Podcast, hosts Rob Nowak, Partner, Tax Services at Weaver and Howard Altshuler, Partner-in-Charge, Real Estate Services at Weaver, talked about their predictions for industry trends for the rest of 2021 and into 2022.
“If I had my sunglasses, I’d be putting them on because the future is bright,” Altshuler said. “Overall, the market is looking really well.”
Retail is recovering to a great extent, and people are getting out and about. We see hospitality is doing well, especially concerning non-business travel. Industrial/multi-family/single-family rental, and self-storage, that stuff never slowed down, according to Altshuler.
The lessons that were learned during the first portion of the pandemic might also come back to bear during the current Delta variant wave of COVID-19, according to Nowak. But, things might be different if there continue to be different and continuing variants.
“The industry had figured out, in many ways, how to adapt to the pandemic, which is why real estate sort of led the way in terms of economic recovery,” Nowak said.
One area they haven’t spent a ton of time on but dug into on this episode is single-family rentals, as they can bridge the gap of affordability between apartment buildings and folks who might not be able to afford a single-family home.
Listen to hear more about the differences between real estate investment partnerships and real estate funds.