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Clockwise from left: Donald Trump, Joe Biden, Airbnb CEO Brian Chesky, Opendoor CEO Eric Wu, Black Lives Matter protests (Illustration by The Real Deal)
“Unprecedented” may have been overused in news stories this year, but no word better describes the events of 2020.
The coronavirus pandemic defined the year, claiming several hundred thousand American lives and wiping out millions of jobs. Huge sectors of the economy were shut down, flipping the real estate industry on its head and forcing developers, landlords and brokers to scramble. Covid exacerbated problems in brick-and-mortar retail, strained offices and housing in city centers and pushed the hospitality sector to the brink.