"As the pandemic continues to drag on the real economy until we have a vaccine or drug, real estate occupational markets will start to deteriorate, albeit with a time lag," Thomas Mueller, the portfolio manager for EFV at BlackRock Real Assets, said in the press release.

Job losses ranged from -206,000 in construction of buildings to -222,000 in real estate and rental and leasing.

SANTA BARBARA, CA-Although the coronavirus has hit the real estate market in southern California hard and the downturn shows no signs of abating any…

The global real estate giant said tech startups from its two earlier accelerator classes have already developed virtual tools to help the commercial real estate industry navigate the pandemic's impacts.