COVID 19 Commercial

"City was seeing a strong first quarter until the lockdown began last month"

"Lowest Q1 take-up in twelve years with transactional activity down a third on the long-term average"

"The complexity of commuting to Manhattan in a post-quarantine/pre-vaccine environment and potential solutions for knowledge companies in the short-term."

"To date, medium/long-term demand has been relatively unaffected by Covid-19"

"Concessions support the occupier markets, some early green shoots from China"

"The top five flex space operators in New York City are obligated to a minimum of $755-900M in estimated annual rental payments. With financial strains stemming from this global pandemic touching every sector of the economy, its unclear how coworking will recover."

"With the Tokyo Olympics in sight, Japan entered 2020 with high hopesand sound fundamentals. Sadly, the COVID-19 pandemic has dashed thesehopes and presents a major challenge to the domestic property market."

"Uncertainty caused by COVID-19 will test resiliency of Detroit market fundamentals"