Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
"If the flaring pandemic causes further slowing in states reopening and reinstituting lockdowns, that would present a headwind to the recovery," according to the chief economist for JLL.
The suburbs around the windy city are well positioned to meet the changing needs of tenants, landlords and businesses in the wake of the COVID-19 pandemic.
"There was concern initially that while office buildings emptied out, multifamily buildings would be crushed by higher occupancy than what operators are used to and systems are designed for," Enertiv said. But New Yorkers had gotten out of town.
"We're highly concerned and very focused on what may be coming in the next few months," said Jeffrey Deboer, president and CEO of The Real Estate Roundtable.
Only when the market opens up fully and a broader spectrum and type of properties start to trade will we have a better signal on where prices are going.
With the economic pressures and uncertainly brought on by coronavirus, corporations are looking for lease term flexibility and more agile office solutions.