Research

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.

Under the scenario Trepp used, the cumulative default rate across commercial mortgages overall will rise to 8%, up significantly from the current 0.4% default rate.

"This suggests the average lease-up time for new speculative product following delivery in Chicago's industrial market is longer than other markets. This lease-up time will likely be extended further by the Coronavirus pandemic and ensuing economic response," Colliers states.

Areas of CRE have been more directly affected, and Placer.ai dove into the data in Washington State to determine to what degree retail is being impacted by more heightened tensions.

At year end, Dallas-Fort Worth continued to be one of the strongest US industrial markets with 25 million square feet in new industrial space delivered at nearly 75% leased, and Houston had 10 million square feet absorbed.