Measuring the Impact of the Coronavirus on Commercial Real Estate in the Pacific Northwest
COVID-19 has hit the Puget Sound harder than any other metro in the United States. In Portland, the number of cases continues to grow. Long-term impacts on commercial real estate will likely include increased janitorial expenses as landlords realize the importance of proactive hygiene. Additionally, companies may begin to focus more energy on implementing remote-work policies. As supply chains are disrupted, there will be ripple effects felt throughout the U.S. and global economy for months to come. Check out this special report written by Jacob Pavlik, our new Research Manager, for more details on our thoughts about the virus and its effect on commercial real estate in the Pacific Northwest.