Inflation is one fear, due to supply chain issues and soaring energy costs, and the Federal Reserve’s plans for tighter monetary policy are another worry, although rents are still expected to increase faster than inflation given rampant demand.
A potentially permanent shift to remote work, additional COVID-19 variants, tax policy, the debt ceiling debate and even the shaky Chinese property development sector are other troubles that investors are, so far, looking past, according to the report.