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Commercial real estate news, developments and predictions surrounding Covid-19.
Customer transactions at major restaurant chains dipped to -13% year over year for the week ending June 21.
The key word in JLL's economic projection is uncertainty—about the pandemic and how the government will react to it.
The fund will facilitate the creation of 650 units for seniors and families in states including Arizona, Texas, North Carolina and Florida.
RCLCO's sentiment survey predicted that following a pandemic-driven plunge, some sectors of the real estate market are "coming off the bottom."
Multifamily properties are expected to experience a sharp decline followed by a fast recovery through 2020, according to a report by CBRE.
Transaction volume drops as COVID-19 worries overtake the market.
Certain state or local ordinances prevent tenants from being evicted for the failure to pay rent or subject landlords to rent caps or freezes.
The report found patients are trying to avoid hospitals during the COVID-19 pandemic, with some going so far as to say they wouldn't go to the ER for a medical emergency.
The Future Conditions Index is 62, suggesting there is optimism after the pandemic has run its course.
"In many cases, this pivot to COVID-related initiatives has increased the activity, staffing and demand for lab space," Colliers reports.