"A standoff with tenants could result in tenant default and eviction, or it could lead to more constructive negotiations between tenant, owner and lender," according to NAOIP.
Due to the coronavirus pandemic, the U.S. economy had its worst performance in the second quarter in its history -- but it was in line with experts' predictions.
The sale of distribution warehouses accounted for a third of the second quarter deal volume among industrial properties, according to Real Capital Analytics.
"We're more likely to see a good recovery in the second half of this year or probably the first half of next year as the pandemic comes more under control."
While a number of developments have stalled, and some have been canceled, many not-yet-completed real estate construction projects will still go forward, although likely at a slower pace, according to Moody's Analytics.
FSRs tried to pivot to save their businesses by ramping up delivery programs, streamlining their menus, and repurposing their parking lots as temporary drive-thru's, however, the shift to service their customers off-premises was difficult and costly.
Coronavirus is hitting hourly paid and low/moderate income workers' wages hard and their property owners are proactively seeking—and securing—forbearance relief to protect against unpaid rent.