Best Buy is laying off workers and closing stores; Fry's is closing altogether.
Retail, hotel, office and apartment REIT stocks are still well below their pre-crisis levels, while data center and industrial REITs have fully recovered.
Investors rushed to short retail and hospitality stocks in the early part of the crisis, but shorting activity has continued through the summer.
Hotel REITs and brand giants are still losing tens of millions of dollars every month, and they saw demand growth slow in July amid a rise in COVID-19 cases.
Elizabeth Birch worked as chief of litigation at Apple and as executive director of the Human Rights Campaign before starting her commercial real estate career.
Hyperscalers like Google, Facebook and Amazon are driving demand for new sustainable data centres around London
Apple, Meta and Alphabet have all made promises to build affordable housing in Silicon Valley, but few units are being produced.
Hybrid dominates, but there is a lot of nuance within that term
The supply chain has never been a bigger concern to major companies as even Apple can't secure materials it needs, so Biden is pushing the ports to stay open.
Hotel REITs reported in Q3 earnings that demand has picked up, including an increase in business travel, but their revenue and profits are still far below 2019.
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