Technology has changed the game for the corporate sector, where those who used to travel have realized that physical distance is no longer an obstacle to connecting.
Amazon.com has committed to 11 million square feet in 10 buildings. Inking 7.2 million square feet in new leases, and accounting for 51 percent of the total new leasing volume for the quarter.
"After years of strong fundamental performance, the COVID-19 pandemic injected a huge amount of uncertainty and volatility into multifamily," a team of Yardi Matrix researchers reported.
A new survey of 126 companies by CBRE notes the tension between the cost of maintaining their office space with the cost of supporting employees who are working remotely.
REIT indices for cold storage, self-storage, data centers and life sciences have outpeformed all-property indices in the US in the first six months of 2020.
Of the respondents who replied that they were able to pay some of their rent, 53% said they were able to pay half, while 29.8% expected to pay less than half.
While government and corporate policies are driving regional differences in how employees distance at work, no region had employee distancing averages that were greater than the recommended 6 feet.