COVID-19 Real Estate Market Update

March 2020

City and water

As we enter this unprecedented time in history, CenterSquare is committed to sharing with you our investment outlook and insights on a continual basis. We expect a global economic recession to eventuate. The key question is how quickly the economy bounces back. This mostly depends on how rapidly COVID-19 is contained. We believe that real estate in general will see strong investor support in the medium term due to the increased need for yield alternatives given record low bond yields on one hand, and, even if the equity market bounces back, a desire for stable asset classes on the other.