COVID-19

56% of respondents said they still planned to buy a home in the next five years, suggesting the long-term optimism of renters hasn't been completely crushed.

Lenders are seeing a wave of loan workouts, and there are several tools available to resolve a distressed loan.

"But with New York City having entered Phase 2 of reopening in late-June and pockets of New York State already in Phase 4, there are promising signs of a recovery in the second-half of the year," says Colliers' Franklin Wallach.

Right now, lenders are working through the initial issues with their borrowers.

While malls could be a good turnaround story, investors may have to wait a decade.

"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.

The acute phase of the COVID-19 pandemic has led to different levels of operating stress across the healthcare system, according to BTIG's report.