Connect Media: Sam Zell Expects Rebound for Office, Hospitality and Big-City MultifamilyRead More »
Chicago’s own Sam Zell sees the future of certain commercial property sectors clouded by possible oversupply, but not so much by permanent shifts stemming from the COVID-19 pandemic. Office use, hospitality and central-city apartments all will rebound, while the industry icon sees potential for oversupply in a couple of currently hot sectors.
That’s among the takeaways from Zell’s wide-ranging keynote interview last week as part of the Harold E. Eisenberg Foundation’s REAL Bright Summit: Building the Future of Real Estate. The founder of Equity Group Investments was interviewed by Collete English Dixon, executive director, Marshall Bennett Institute of Real Estate, Roosevelt University.