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.

"Now that a second surge of COVID cases is sweeping the U.S. and authorities are re-issuing social distancing measures, the retail market could continue to suffer over the next few quarters until a vaccine is developed," the report says.

The buyer was comfortable completing the sale during the pandemic due to the essential nature of gas stations and convenience stores such as Wawa.

The Allen Matkins-UCLA Anderson survey shows office demand decreasing due to work-from-home policies, industrial only moderately decreasing due to online shopping, retail continuing its downward spiral and multifamily only moderately decreasing.