Research

While the declines in asking effective rents are modest, most leases are being signed at levels below what those quoted rents would suggest. Performance hasn't gone off the edge of the cliff, but it is notably weakened for now.

A rise in COVID-19 cases would also disrupt travel again, hurting travel services, theme parks, cruises and associated lodging.

MBA's Jamie Woodwell says that investors and lenders are now focusing more on their existing portfolios than new opportunities.

"There has never been a more important time than now to prudently and actively manage your property's expenses," a Trepp research report said

JLL report says that the Asis-Pacific region among eight in the world showed the largest decline in investment during the first quarter, compared to last year, in correction with the spread of the coronavirus.

Landlords are seeing a slight boost in timely rents from those who have the option of filing rent online.

A new analysis by CBRE found that companies across the globe are taking a cautious approach to returning to the office.

"The development of a vaccine or a highly effective therapy may be the inflection point that sets the stage for a meaningful recovery, given an aging demographic and likelihood of slower growth in industry supply," the agency said in the report.