Faced with a situation where many corporate tenants may be looking at switching to at least partial remote working model, office landlords are getting ready to offer more flexible workspaces and lease terms.
In one sense, when the COVID-19 pandemic is over—and that day will come—and the world is back to work again, property managers will still be charged with the same traditional core responsibilities, namely to provide homes and workplaces that are safe for tenants, residents and staff.
In this episode of NREI's Common Area podcast David Bodamer speaks with Kevin Wayer, CEO of the public sector and higher education group at JLL. Wayer outlined some of the specific challenges facing higher education institutions and the ways they are increasingly relying on real estate services firms to manage facilities and monetize assets.
The United States is facing a wave of evictions as government relief payments and legal protections run out for millions of out-of-work Americans, according to the The New York Times. The U.S. division of bakery chain Le Pain Quotidien filed for bankruptcy, reports the Wall Street Journal. These are among today's must reads from around the commercial real estate industry.
