As the world struggles with the impact of the coronarvirus pandemic, the question looms how it will affect U.S. commercial real estate as there are more quarantines, limited gatherings, travel restrictions and closings.
The rapid spread of COVID-19 is causing deals to break down and firms to cancel attending upcoming conferences (when those conferences haven’t been cancelled altogether, that is), according to industry sources. But lower interest rates are mitigating the impact of the virus’ impact on deal activity, CRE brokers say.
As the impact from the measures to stem the spread of COVID-19 takes hold of virtually every sector of the U.S. economy, real estate economists are revisiting their predictions for 2020 made at the beginning of the year.
Here is our page showcasing this week's latest responses, guides and resources from commercial real estate associations in dealing with the ongoing coronavirus outbreak
David Bodamer interviews Calvin Schnure, Nareit’s senior vice president of research and economic analysis, about the various REIT markets, how they finished in 2019, and where he predicts they are headed for in 2020.
The government is trying to stave off evictions for homeowners and renters, reports The New York Times. Taubman Centers is closing most of its malls at least until the end of the month, according to MarketWatch. These are among this weekend's must reads from around the commercial real estate industry.
