It was the best of times for many sectors and markets. Though not the worst of times, by any means, for the other markets, the third quarter was much about A Tale of Two Segments – an acceleration of the bifurcation that has been occurring for the past couple of years. On the one hand is industrial, the prized possession of investors today. The industrial sector shattered records for nearly every metric in the third quarter, with annualized returns of 32% and occupancy rates, net absorption and effective rents at all-time highs. On the other hand, hotel was grappling with declining occupancy and RevPAR even before the omicron variant was discovered. Hotel returns, though improving, have a long way to go before they can claw their way back from pandemic-induced losses. Access your free Report by filling out the form.