4 Predictions For Atlanta CRE In 2021

One of the largest tech companies in the world also produced the largest office lease in Atlanta last year. Microsoft's 523,500 SF deal to occupy the entirety of Hines' Atlantic Yards in Midtown topped the list of office activity in Metro Atlanta, with the…

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The nursing home industry's fundamentals amid the coronavirus pandemic are stark. As of mid-January 2021, COVID-19 has killed more than 136,000 residents and staff of U.S. nursing homes and other long-term care facilities, according to AARP and the Scripps Gerontology Center at Miami University in Ohio.

Occupancies at nursing homes and assisted living facilities are down nationwide as few people move in, and many facilities are losing money. Residents are now being vaccinated against the disease, but the question remains: Has the catastrophe done long-term damage to the industry?

In the long run, the industry will recover, experts say. The pandemic will wane and the same forces driving its growth, namely demographic trends and the fact that such care is need-based, will come back into play. 

"The industry isn't going to rebound fast, but it is going to rebound," American Healthcare Investors founding partner Danny Prosky said. "Health care is a demographic story because we have an aging population. That's going to happen. It's already happening."

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In Case You Missed It...

This moment in the history of how people work and use offices catches commercial real estate firms trying to thread a very delicate needle: caught between the necessity of selling your own product and showing that a return to working from an office is safe; and the need to adapt working practices and culture to cater to a workforce that, during the coronavirus pandemic, has normalized and, in many cases prefers, more remote work.

Can real estate companies, whose identity and business model have for centuries been tied to a specific place, embrace a new world likely to see people working remotely, maybe in cities far away from their office?

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This series delves into the myriad ways people enter the commercial real estate industry and what contributes to their success.

When RiseBoro CEO Scott Short first got out of college, he wanted to be a food writer. But his passion for equality and perpetual optimism guided his journey from his first job at media giant Condé Nast to the one he has today as the leader of a community partnership nonprofit that owns and builds thousands of units of affordable housing in New York City. 

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