"Only 10% of workers reported teleworking due to the pandemic in March, down from 13% in February and less than half the level from its peak. As the federal government and others return to work in April, this number should drop sharply, which may well lead to further job changes in retail, professional services, and other sectors that are dependent on in-person work. This is good news for commercial real estate lenders and investors.” --MBA Chief Economist Mike Fratantoni.

The JLL Valuation Advisory group’s fifth annual Seniors Housing Investor Survey and Outlook also reported investors are bullish on the seniors housing and care sector as a result of the projected “silver tsunami” of retired Baby Boomers and expected subsequent supply shortage.