As with other sectors, single-family rentals will experience a short-term hit, but the market should be positioned for a faster market recovery and will be a better long-term play.
What types of spaces will tenants feel comfortable with and how can real estate owners and operators prepare to meet their needs to stay successful in the future?
While these are uncertain and volatile times, many commercial real estate businesses should be able to maintain operations and continue to provide valuable contributions to the economy.
Strip center tenants paid only between 30 percent and 50 percent of April rent, reported the Financial Times citing data from Green Street. Minnesota Congresswoman Ilhan Omar has proposed legislation canceling rent for people affected by COVID-19 that would instead be paid by the federal government. These are among today’s must reads from around the commercial real estate industry.
