COVID-19 is continuing to force corporations into bankruptcy, which could mean further deterioration in office fundamentals.
As of Sept. 7, 470 companies have gone bankrupt in 2020, which is more filings than during any comparable period since 2010, according to an S&P Global Market Intelligence analysis.
There was some good news as the number of companies filing bankruptcy declined from 71 in July to 55 in August, according to S&P Global Market Intelligence.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
