Analysis

The company also cut its selling, general and administrative expenses, jettisoned "unnecessary systems," and right sized its labor force.

Fitch says that renters could relocate to more affordable suburban and Sunbelt markets as they seek more space.

As technology proliferates, logistics operations will expand into new places, blurring the line between retail and industrial real estate.

Following the pandemic, 64% of companies plan to increase remote work policies and 32% of companies will decrease their office footprint.

Overall, eating and drinking places registered sales of $55.6 billion on a seasonally-adjusted basis in September.

Currently, multifamily mortgage delinquency levels are up only slightly from pre-pandemic levels for both affordable housing and market-rate housing loans in CMBS transactions.

Interest rates have hit rock bottom and both individuals and companies are holding onto cash while the nation waits for a federal stimulus package, the Presidential election and a cure for Covid-19.

Class-A markets and expensive markets are seeing an increase in apartment concessions.