Commercial real estate in the post-pandemic world
The effects of the new coronavirus on commercial real estate will be long-lasting, as restaurants close, retailers file for bankruptcy and companies that occupy office space rethink their entire workplace strategies. Chief research officer of JLL Americas, Ben Breslau said on a conference call set up to discuss the pandemic’s impact on commercial real estate leasing and the economy. “Previous health-related downturns have been brief and followed by relatively quick recoveries, but the amount of time it will take for the economy to rebound from the coronavirus is less predictable.”
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