In 2020, COVID-19 pushed the peak leasing back to May.

The medical sector should benefit from strong demographic trends.

After taking care of tenant issues, institutions became more active in Q3 and Q4.

Even if there isn't real distress in the market, a lot of developers will still want to get out of deals as their equity will have been wiped out.

While there have been many high-profile bankruptcies, some companies are adding new locations.

Victor Petrescu, partner at Levine Kellogg Lehman Schneider + Grossman in Miami, says unemployed and underemployed borrowers will be in the worst position once the moratorium is lifted.

In some markets sublease space more than doubled and ended Q3 above 700,000 square feet.

Servicers are being less supportive with retail workouts, and appraisers are harsher with longer-term cash flow projections.