Protections expire as millions face eviction, groundscrapers are the new black, mixed indicators for holiday retail, business economists eyeball 2021, and hotels should think safety first.
In Today's News
14 Million American Households Are at Risk of Eviction as Protections Expire
This CNN article puts a number on the potential size of the wave of evictions coming if the economy doesn't turn around, the pandemic isn't stopped, and relief from Congress doesn't arrive.
Why it matters: Besides the drastic toll on these individuals and families, the rent they pay is critical to millions of other people -- especially smaller property owners without the wherewithal to wait this out.
The Next Trend in Office? Groundscrapers
The office sector will undeniably face major changes following the pandemic, GlobeSt.com reports. For some, that might look like home offices; for others, it looks like a return to pre-pandemic workplaces. Most, however, are expecting something in between.
Why it matters: If the arguments from the experts quoted in this article make sense to you, now's the time to start watching for investment opportunities in that kind of development, either directly or through real estate investment trusts (REITs).
Are Stores Going to Turn Into Ghost Towns? Maybe Not
According to survey findings from Square, 56% of retailers expect many consumers won't shop in-store at all over the holiday selling season. Yet an accompanying survey of consumers found 79% feel safe shopping in a physical store.
Why it matters: This RetailWire piece lays out a series of such contradictory indicators, with the bottom line being we just won't know how tough the critical holiday season will turn out to be for physical retail. There's some argument for optimism here, and many a retailer, and their landlords, are counting on holiday shoppers saving their day.
Today on Millionacres
Business Economists Forecast Moderate Growth for 2021
We're still in uncertain times. It's no surprise, then, that 78% of the respondents surveyed by the National Association of Business Economists believe that the widespread delivery of a COVID-19 vaccine is the biggest upside potential for economic growth. The downside risks include the growing second wave of the pandemic.
Why it matters: Millionacres' Deidre Woollard points out that for real estate investors, the forecast is also nuanced. As the CDC eviction moratorium is set to expire at the end of the year, many landlords may need to begin the eviction process. REIT investors have already seen many of their investments rise on vaccine hopes, but retail and hospitality REITs likely face a long recovery.
Forget Swimming Pools and Spas: Safety is the Ultimate Amenity
Back in the day, the right amenities could really work to draw in hotel guests and drum up revenue. For example, offering massages, aromatherapy packages, and gourmet dining were means of setting certain hotels apart from the pack. That no longer cuts it.
Why it matters: Millionacres' Maurie Backman explains how thinking safety first can help hotel operators bring back some guests in these most dire of times for that industry. Hotels and those who invest in them need every edge they can to get through this.