COVID-19

The most disruptive issues included construction shutdown orders, new procedures to enable physical distancing on jobsites, and delays of materials, fixtures and equipment, according to JLL's H2 2020 Construction Outlook.

About six-weeks into the pandemic, leasing activity returned to normal levels, but the leasing process has changed.

From December to June, the NOI of retail assets declined by 21.4%, and hotel assets saw a 39.7% drop.

In many cases, older student housing doesn't meet CDC standards in the COVID era.

In September, more than 30% of renters had owed back rent, with Hispanic and Black renters most impacted.

A study from workplace strategy consulting firm Vocon found that work-from-home fatigue is increasing and productivity is decreasing.

The dip comes alongside a fall in NOI for the first time in 11 years.

Confidence in the construction market and revenue expectations both increased over Q2.