Compared to April, commercial real estate developers in May saw lesser impacts from the COVID-19 pandemic, although the improvements are slight and developers have come to believe their business interruptions will last longer than first thought.

Those findings were part of a survey from May 18 to 20 completed by 461 developers for the Commercial Real Estate Development Association, which uses the acronym NAIOP, which stands for the group's former name, National Association for Industrial and Office Parks.

Even though 62% of respondents still say they're seeing permitting or entitlement delays and 57% are still experiencing lower leasing activities, both of these metrics represent an improvement from the NAIOP survey conducted in April. There's been a sharp decline developers saying they see delays or shortages in construction supplies: 31% said this in April, and only 19% experienced it in May.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Angela Morris

Angela Morris is ALM Media's Texas litigation reporter. She covers lawsuits in all levels of Texas state and federal courts. Based in Austin, Morris earned journalism and government degrees from the University of Texas at Austin in 2006, and since then, has worked primarily as a reporter and writer, but also has skills in videography, photography and podcasts. Follow her on Twitter at @AMorrisReports.