June 29, 2021
One of the industries that was drastically affected by Covid 19 was the commercial real estate market. As a result of the lockdowns, CRE professionals had to scramble and adjust to waves of businesses that had to adjust to the varying shut-down requirements. Though this happened in the spring of 2020, the repercussions of those adjustments are still being felt.
How are leasing agreements still affected by Covid 19 epidemic? What changes were made in the commercial real estate industry to accommodate for these drastic consequences? Which of those changes worked and which failed? What will CRE and leasing professionals do if, by chance, another Covid or like-minded epidemic comes our way?
The answers to these questions will be found here as our posts will reflect the what, when, how, where and why of an ever-evolving, post-Covid world in commercial real estate. Leasing and tenant strategies will be revealed, including informational posts on the hybrid retail and office spaces that are finding new ground.
This will also be a good space for investors to keep an eye on the ebb and flow of all things CRE as we observe organic trends as well as those brought on by external factors.
With more and more shoppers returning to the real-life world of shopping and business, tenants and leasing professionals alike are seeing an uptick in the industry. It’s clear that the brick-and-mortar world of commerce is fighting for new ground and making new gains. If you want to know how your specific market is affected, keep a firm eye on this space.