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Commercial real estate news, developments and predictions surrounding Covid-19.
The strong market fundamentals heading into this recession will create fewer distressed opportunities in most asset classes.
As companies demand flexibility, landlords must adjust.
The entertainment retailers who were to replace department stores could be in trouble.
The number of total construction projects breaking ground increased 3 percent in May to $595.1 billion.
Landlords are switching to year-long leases, as renters find themselves in a favorable market as a result of the coronavirus pandemic.
National data shows apartment rents paid through both mid-May and mid-June hovering around the 90% mark.
The firm is excited to be part of transformation occurring in these spaces as a result of the pandemic.
Innovative and proactive property management strategies will be critical for office landlords as companies return to workplaces following COVID-19, and a key element will be technology geared toward efficiency and cost savings.
Compared to the Financial Crisis, commercial real estate companies are not overleveraged and prepared to weather the storm.
In the months of March, April and May, 634,000 square feet of sublease have been added to the Atlanta office market.