A surge in new COVID-19 casesacross the South and Southwest signal the possibility of renewedbusiness closures, Marcus & Millichap predicts in anew research brief.
Those closures, despite June business reopenings that supportedrecord hiring or rehiring, cloud July's job outlook, especially inTexas, Florida, and Arizona, the national real estate sales andfinancing firm's monthly briefing predicts.
The dramatic rise in COVID cases — especially inTexas, Florida and Arizona — is forcing businesses with a largepublic component either to pause reopenings or close again,especially bars and gyms, according to the Los Angeles-basedfirm.
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R. Robin McDonald
Daily Report reporter R. Robin McDonald's journalism career includes stints as a staff writer at The Atlanta Journal-Constitution, The Fort Worth Star-Telegram, The Wichita Eagle, and The Anniston Star and as a trial tracker at CourtTV and CNN. She is the author of two true crime books -- Black Widow: The True Story of the Hilley Poisonings and Secrets Never Lie: The Death of Sara Tokars.
