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Even as tenants begin moving into vacant spaces from lease pre-commitments signed in years prior, future absorption, leasing activity and expansions may be muted until a vaccine for COVID-19 is found.
Developer David Mendal is an entrepreneur whose Forest Travel is the official travel agency for Richard Branson's Virgin Galactic space flight venture.
Only 19% of property managers in the study reported that rents were being paid on time, while the rest reported that they had tenants who were unable to pay, according to a new report from the National Association of Realtors.
The coronavirus pandemic is one of the driving forces pushing residents, companies and commercial real estate buyers to non-metros but it's not the only factor.