2020 Q2 Industrial Report
The pandemic and accompanying “stay-at-home” economy have changed the way that consumers commute, work, and shop. While no segment is completely immune to a global recession, the industrial sector continues to outperform, and in some instances benefit, primarily due to the accelerated adoption of e-commerce.
2020 Q2 Office Report
The pandemic is forcing employers to reconsider many aspects of office life. With many workers wondering when, if ever, they will go back to the office, the most common sentiment seems to be that while most will, the office environment will be forever changed. While the collaborative and social advantages of working within an office cannot be replaced, a recent Collier’s survey found that 82% of respondents would like to work from home one day a week or more.
2020 Q2 Retail Report
The pandemic and resulting shutdowns have delivered a particularly hard hit to the retail sector. Well-known brands including J. Crew, Neiman Marcus, Gold’s Gym, J.C. Penney, 24-Hour Fitness, and Brooks Brothers have filed for bankruptcy, making up only a small portion of the 3,600 companies that have done so in the first half of 2020. Those that have managed to maintain or increase sales throughout the stay-at-home economy are likely doing so through an omnichannel approach in both online and brick-and-mortar platforms, and by taking advantage of the growth in e-commerce. However, the surge in e-commerce sales cannot be solely attributed to the pandemic. From 2014 to 2019, the percentage of goods bought online more than doubled, increasing from 6 percent to 13 percent.