"Now that a second surge of COVID cases is sweeping the U.S. and authorities are re-issuing social distancing measures, the retail market could continue to suffer over the next few quarters until a vaccine is developed," the report says.
Technology has changed the game for the corporate sector, where those who used to travel have realized that physical distance is no longer an obstacle to connecting.
"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily," a team of Yardi Matrix researchers reported.
Fitch Ratings latest report shows the country's mortgage market is well positioned to withstand forbearance programs now, but that a second wave of COVID-19 could bring instability.
Employees want to be back in offices to stay connected to colleagues—and demand will increase for lower-cost, more accessible suburban offices with greater space for social-distancing, says Black Creek Group.