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When the coronavirus finally recedes, we will see who was bathing without pants
All segments of commercial real estate are experiencing the pandemic and the economic crisis in different ways. Hotels and shopping centers have been hit the hardest. Offices are doing well due to long contracts, although co-working spaces are stepping on their toes. Apartments have even managed to earn on self-isolation, and warehouses have increased demand created by online commerce, that they overtook the most optimistic analysts’ forecasts. “New Prospect” discussed the results of the past year and plans for the next year with players from different segments of commercial real estate in St. Petersburg.
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