Three major associations joined to conduct an impact study on the effect of COVID-19 on the real estate industry.
The Building Owners and Managers Association International, Yardi and Brightline Strategies will partner on a rolling research program assessing how COVID-19 has affected tenants, businesses and the perception toward work environments. The results will show how these perceptions may affect real estate decisions, perceived value of office space, relocation, renewals, rent premiums, vacancy rates and practices over the next six to 24 months.
"COVID-19 is potentially the largest disruptive force facing the commercial real estate industry and its tenancy in our lifetimes," said Henry Chamberlain, president and COO of BOMA International.
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Pearl Wu
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