The sooner commercial properties begin the process to become net zero by 2050, as called for in the Paris Climate Agreement, the sooner property owners can realize the benefits of limited carbon footprints and lower energy costs.
Ostensibly, office attendance and hotel demand are recovering together but evidence that one causes the other is thin. Certainly, increased hotel demand could boost office attendance as out-of-town senior leaders or vendors fly in for face-to-face meetings, encouraging local workers to venture into the office.
Inflation and Commercial Real Estate: a more nuanced relationship than often portrayed
Commercial real estate is often thought of as a reliable inflation hedge. However, real estate’s ability to hedge inflation is not a foregone conclusion. Each cycle is different, and each property type will respond to macro trends in different ways.