Research

Commercial brokers did express confidence in the future of the market, according to the REBNY survey.

Many cruise lines have entire buildings for their growing office operations under construction, according to JLL.

Almost one-third of renters didn't pay their rent in April, but the NMHC thinks that many will catch up before the end of the month.

"It will take several years for vacancy rates to fall back to their pre-crisis levels."

Also, 13% of respondents noted they had already made cost reductions in real estate expenses, with another 9% planning to take actions in this area in the coming months.

Meanwhile, NMHC is going to start weekly tracking of the number of people who have paid their rent.

The good news is that the states and metros hit hardest will generally be among the fastest growing over the ensuing recovery.

Some loan documents restrict amendments impacting financial components of leases such as rent amounts, according to Morris, Manning, & Martin.