Developers are starting to include new health and safetyregulations and flexibility into development plans for upcomingprojects. This includes making financial adjustments to comply withnew regulations and adapt to market uncertainty. This isparticularly true for institutional developers, who are forgingahead on projects.

"Developers are starting to make adjustments to their financialperformance as they start to actualize their development plans,"Tom Harrison, VP and managing partner ofJohnson Carlier, tells GlobeSt.com. "We are seeingthe more savvy developer starting to carry certain contingenciesfor the unknown and also accounting for some schedule contingenciesfor the what if. The typical developer realizes that developmentcan't stop and although the financial markets are somewhat unstablethere is still a significant amount of cash and debt that needs tobe placed from the capital sources whether they be family officesor REITs."

Developers aren't alone. Contractors and laborers are alsomaking adjustments to comply with the new market. "I think thelabor force is implementing self-discipline safety behavior that ismandatory at most construction sites around the country if not theworld. Safety protocol for COVID-19 is now very specific, detailand required for most large construction company's project sites,"says Harrison. "We are seeing the individual labor of the tradepartner starting to really take that safety requirement seriouslyand even taking the behavior home with him which is how we willminimize the spread and eventual impacts."