Office

The impacts of social distancing and store closures have not affected pricing yet because owners have not been forced to sell.

Both Austin and Dallas have a long history as strong office markets and fundamentals for both markets were healthy before the COVID-19 shutdown, so KBS believes these markets will rebound.

CIM Group has been involved in projects in the greater Miami area for about 10 years.

The survey found that 30% of the respondents said between 75% and 100% of their leased properties were currently unoccupied.

Distressed buyers are there, but the discounts aren't big enough.

Aerospace companies occupy 23 million square feet of space in Los Angeles, and the industry could face major disruption from the COVID-19 pandemic.

The 650,812-square-foot, class-A office asset was purchased by Spear Street Capital from seller, Mirae Asset Global Investments.

The industry is already a major driver of economic growth nationally and in local markets like San Diego, and things are picking up.