A Quadrant Approach to Commercial Real Estate Investing: Part 4, Public Equity
This Viewpoint is the fourth installment in a series exploring the relationship between the CRE quadrants of public debt, private debt, private equity and public equity. Specifically, we will analyze the historic performance of public equity (REITs) in relation to the quadrants.
Prior to 2020, net absorption generally moved in a similar direction across property types. The pandemic upended this pattern, with notably dire effects on office absorption.