BRACING FOR THE COVID-19 IMPACT
We've all been inundated with news about COVID-19 and how it has altered the lives of people across the globe. The short-term impact on the economy and business environment has been undeniable. Within the commercial real estate sector, investors, landlords and occupiers are all assessing impacts, adjusting operations, and creating contingency plans to support their people and their businesses. The full severity of COVID-19 on the commercial real estate market is not yet known, as the situation remains fluid, and forecasts are continuously adjusting. It is unclear how long the spread of COVID-19 will last, but the longer its time frame extends, the higher a priority it becomes for businesses to mitigate economic impact.