Research

Short-term rentals of larger units weathered the COVID-19 pandemic better than hotels and smaller short-term rental units, according to a joint analysis by STR and AirDNA.

Colliers found that overall activity in Tampa Bay CMBS markets in second quarter 2020 started to thaw even though new leasing and investment closings were down.

Restaurants were able to weather COVID-19 lockdowns and occupancy requirements by shifting to off-premises services. But recent coronavirus surges and mandate rollbacks have left the industry in an uneasy waiting period.

Hubs across the nation are looking to use real estate to boost productivity as the growth of the global prescription drug market is expected to surpass $1 trillion by 2022.

"How quickly public health improves and if it can be sustained remain the biggest unanswered questions for determining the pace of economic and retail recovery," Cushman & Wakefield says.

Twenty-five percent of small landlords have borrowed money to cover operating costs.

Retail centers with "essential" business tenants, such as grocery stores, are expected to perform well in the next couple of months. Meanwhile, experiential and entertainment-based retail will continue to struggle.

More space is coming, and conversions in the suburbs and Boston and future new development throughout the market aim to tap into this supply/demand imbalance.