Omicron: The Impact on CRE

[vc_row][vc_column][vc_single_image image=”882″ img_size=”full” alignment=”center”][vc_raw_html]JTNDZGl2JTIwaWQlM0QlMjJidXp6c3Byb3V0LXBsYXllci05OTA4OTgyJTIyJTNFJTNDJTJGZGl2JTNFJTNDc2NyaXB0JTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZ3d3cuYnV6enNwcm91dC5jb20lMkYxNzQwMjc5JTJGOTkwODk4Mi1vbWljcm9uLXRoZS1pbXBhY3Qtb24tY3JlLmpzJTNGY29udGFpbmVyX2lkJTNEYnV6enNwcm91dC1wbGF5ZXItOTkwODk4MiUyNnBsYXllciUzRHNtYWxsJTIyJTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwY2hhcnNldCUzRCUyMnV0Zi04JTIyJTNFJTNDJTJGc2NyaXB0JTNF[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The newest COVID variant, Omicron, is like the old, regenerated holiday gift that no one likes. It’s redundant and brings zero joy to those that have it. With that said, this nuisance will likely have unfortunate short and long-term effects on the CRE market.

The CRE market is battle tested and has found the recipe to work around this endemic. However, the immediate sign of this insidious variant is the disruption to cashflows it has unleashed on the travel (hospitality) and storefront retail industries. Lockdowns, vaccination requirements and masking requirements are political click-bait and divisive. And on the flipside, sectors such as industrial, will continue to do well as consumers conduct their retail business online. Overall, Omicron might be a blip that simply hangs on the potency of its strain. So far, it looks like it is weaker than the most recent Delta variant.

COVID fatigue is something we can all relate to. We are numb to this now. Long-term effects in the CRE market will mirror what we have already experienced. This trend, in many cases, will maintain this course due to the new normal of conducting business. The overall big picture will improve as the pharmaceutical companies continue to develop game changing therapeutics to lessen the severity of symptoms, herd immunity kicks in and the variants weaken.

Contact Info

To learn more about how property tax issues can affect your investing strategies, please reach out to Tim Feagans directly at[/vc_column_text][/vc_column][/vc_row]

RETC Group was recently acquired by Ryan, a leading global tax services and software provider and the largest Firm in the world dedicated exclusively to business taxes. The combination of RETC and Ryan creates the largest property tax team in the United States with the most local expertise of any provider. RETC’s existing clients will continue to receive the excellent service they have been receiving and will now have access to Ryan’s value-added services and tax-saving strategies across more than 50 global tax disciplines.

Please follow Ryan on LinkedIn to receive updates on our next chapter, and visit to learn about all of the comprehensive property tax services now available to you.

Read the Press Release


This will close in 0 seconds