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Like nearly every industry, the multifamily real estate market has taken a hit during the COVID-19 pandemic, but it may have one advantage that some industries don't: people always need a place to live.
Microsoft Teams has played a critical role in keeping NAI Partners' employees connected, enabling the entire company to effectively telework and collaborate on projects despite not being in the same physical space.
DFW retail leasing velocity began to fall this quarter at 166,425 square feet of positive absorption, and occupancy fell slightly to 94.2% as deliveries outpaced absorption with only 42% of new retail product leased.
In these unprecedented times, both Freddie Mac and Fannie Mae have been an unwavering source of capital, and are still actively lending and closing on transactions at aggressive rates below 3%.
Office owners are devising creative solutions for the remote worker and Accesso has converted its tenant amenity/wellness program into a virtual service to bring the same offerings from offices into tenants' homes.
Common Desk has created a virtual membership offering that supports those missing a sense of community while sheltered in response to nationwide measures for reducing the spread of COVID-19.
After Harvey, Houston built a strong foundation with economic engines centered around energy and medicine, post-secondary education and an affordable cost of living, says Rand Stephens of Avison Young.
CRE firms are sending rent proceeds to healthcare workers on the front lines, donating space for medical facilities and storing supplies, and encouraging donations to local neighborhoods in need.
With extremely low vacancy in the Laredo market, this I-35 Logistics Center should provide some much-needed relief to the area and provide tenants with previously lacking new space.