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The majority of survey participants anticipate that the economy will need at least 12 months to 24 months to fully recover from the pandemic while 30% of participants project a two-year to five-year recovery.
Tenants are re-assessing per employee space allocations with an eye toward de-densifying and providing more space per employee, says the REIT's Steven Durels.
The first offering was oversubscribed shortly after it was launched, the company reports, with many of the initial investors came from the company's existing database.
Houston's diverse population, and the changes to supply chains and the logistics of moving goods from manufacturer to consumer are benefiting Houston as the region works through this temporary setback.
Located centrally in the northeast Dallas industrial market, Skyline Commerce Center building 1 offers more than 135,000 square feet and building 2 has more than 62,000 square feet.
Despite self-quarantine and social distancing, there was activity in the commercial real estate industry during the first quarter, and Cushman & Wakefield reports new office and industrial deliveries, sales and leases.