As COVID cases rise, the country is going through another round of lockdowns.
Small- and medium-sized businesses, especially ones that rely on in-person interaction, will face the risk of closing, which will mean job losses. Until a vaccine is widely disseminated, Oxford Economics says, "millions of workers in arts, entertainment, and recreation; accommodation and food services; and other services will remain without a job."
Cities that rely on tourism, like Las Vegas, New Orleans and Orlando, are especially exposed until there is a vaccine. Popular ski and outdoor destinations face the same challenges. In large cities, like New York and Los Angeles, the closure of bars and restaurants puts many businesses in jeopardy.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
