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Manhattan fell from its perch as one of the top two markets for liquid commercial property and was replaced by two Europe-based cities. However, the global market is collectively reeling from COVID-19's impact.
COVID-19 has accelerated the demise of the in-person leasing office, according to real estate technology provider MRI Software. But the need for leasing and management efficiency will continue beyond the pandemic, it argued.
While a clear winner is leading the dollar store sector, industry observers say the need for dollar stores' price predictability will linger deep into 2020 and possibly 2021.
The CBRE noted a significant increase in signed confidentiality agreements for industrial and multifamily properties in Q2. But real estate still has at least a three-year journey to pre-coronavirus risk levels, the company warned.
Co-working occupancy rates still aren't near pre-coronavirus levels. But flex office providers and industry watchers say they offer a flexibility crucial for the new work environment.
Coronavirus is hitting hourly paid and low/moderate income workers' wages hard and their property owners are proactively seeking—and securing—forbearance relief to protect against unpaid rent.
Restaurants were able to weather COVID-19 lockdowns and occupancy requirements by shifting to off-premises services. But recent coronavirus surges and mandate rollbacks have left the industry in an uneasy waiting period.
The frequency of senior housing M&As and deal values were down in Q2, according to public data collected by Irving Levin Associates. The publisher also noted M&A deals may continue to falter before it rebounds.
While COVID-19's economic impact makes it nearly a given that higher default rates will occur, the economic outlook is a bit rosier than earlier expectations.
The Miami-based multifamily apartment real estate firm says their portfolio is now valued at $1.7 billion with nearly 8,000 units. It's also looking for investors in purchasing distressed properties.