SL Green’s Marc Holliday and Prologis’ Hamid Moghadam (Getty, Prologis, iStock)
The stock market has been battered by a torrent of inflation and monetary policy news in the past week, and the real estate industry has not escaped the chaos.
The real estate industry did not perform equally throughout the pandemic, with sectors such as industrial and multifamily buoyed by high demand while office and retail languished during lockdowns and beyond.
But the factors bringing the stock market down, notably inflation and the rising interest rates it triggered, are now affecting the real estate market as a whole. On top of that, pandemic-era conditions that favored the residential and industrial sectors have been tapering since the beginning of this year.
Industrial and multifamily stocks have come down sharply since peaking in December. Share prices of Prologis and Lennar, indicators for the industrial and multifamily sectors, respectively, have dropped 50…
