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PGIM Investments: Real Estate Recovery Accelerates In Select Areas
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The COVID-19 pandemic severely challenged the global real estate industry over the past year. First, it virtually shut down office culture, socialization, and travel. Then, as the world recovered,  the industry was transformed. With different parts of the world experiencing their own stages of recovery, three distinct trends are driving compelling opportunities for real estate investors: reopening, reflation, and recalibration. These trends are creating tactical opportunities for short-term gains from mispricings or reversion to the mean, as well as longer duration opportunities from the recalibration of real estate supply to evolving demand.

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