Even more turmoil lies ahead for the U.S. retail sector as effective retail rents are projected to plunge 11.00 percent in 2020, according to Moody’s Analytics recent market forecast. This drop would be nearly twice the decline in retail rents that occurred following the Great Recession of 2008. It will also make retail the hardest-hit commercial real estate sector, Moody’s Analytics pointed out.
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.
What CRE sectors are most likely to survive through the pandemic relatively unscathed? How landlords have been dealing with April's rent relief requests. Read these and other stories in NREI's April/May 2020 edition.
U.S. demand for warehouses could surge as lockdowns accelerate online shopping, reports Business Insider. In addition to the coronavirus, plumbing systems in emptied commercial buildings could put returning employees at risk of Legionnaire’s and other illnesses, according to The New York Times. These are among today’s must reads from around commercial real estate industry.
