Only 19% of property managers in the study reported that rents were being paid on time, while the rest reported that they had tenants who were unable to pay, according to a new report from the National Association of Realtors.
The dramatic rise in COVID-19 cases — especially in Texas, Florida and Arizona — is forcing businesses with a large public component either to pause reopenings or close again.
A new report calls for grocery store owners to take "bold steps" to eliminate poorly performing promotions and focus on items that consumers really care about.
"The current crisis is refocusing decision-making on the sustainability of investment opportunities and on building more resilient portfolios to guard against future crises such as climate change," JLL's Gianluca Romano said.
The third monthly survey from the professional organization measuring COVID-19's impact saw an increase in overall market confidence and increased on schedule transactions in the industrial sector.
Hotel transactions internationally dropped by half in this year's first five months and by 87% in the second quarter compared with the same time frames last year.