Alternate Properties Continued to Gain Steam
Under the very unique conditions created by COVID-19 and associated lockdowns, some property types previously viewed as “niche” have proven they can be both recession- and pandemic-resilient. Some of these properties were already in high demand previously—investors have generally favored biolab space and single-family rentals (SFRs) in recent years.
But in a world where most office workers have either been urged to or opted to work from home, buildings dedicated to biolab facilities continued to be far more occupied, partly as a result of the necessary work taking place there and partly because they already had plenty of safety protocols in place to begin with....
