The COVID-19 pandemic has caused havoc and pain in the realestate sector, hitting retail and hotel assets the hardest,according to data from Real Capital Analytics.
"The vast majority of the distress that appeared was related toretail and hotel properties," the report said. "Together, retailand hotel assets accounted for over 90% of all distress during thesecond quarter."
In comparison, the report showed, industrial fared very well,accounting for less than 1% of new distress.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Robert Storace
Robert Storace covers legal trends, lawsuits and analysis for the Connecticut Law Tribune. Follow him on Twitter @RobertSCTLaw or reach him at 203-437-5950.
