6/7/2021
Post-Covid Commercial Real Estate Expectations | James Kassouf | Property Investment
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POST-COVID COMMERCIAL REAL ESTATE EXPECTATIONS
by James Kassouf | May 29, 2021 | Blog, James Kassouf, Property Investment, real estate
The world’s economy has had a big blow due to the coronavirus pandemic. The pandemic has led to the closure of businesses and significant losses to companies. The real estate industry has no exception to the crisis. Many hotels have remained shut down, and offices closed up. Families have also opted to move out of their rented houses in search of cheaper premises. People are now more cautious than ever on their spending. In search of a solution to save their business, building owners have immersed themselves into huge debts. The coronavirus vaccine has been seen to try to bring back a normal life. However, the commercial real estate fundamentals have changed. This year people will still have to dig deeper into their pockets to save their buildings. Some will have to increase their debts, while others sell the houses at distressed prices. Some countries have lifted the movement restrictions. However, frequent traveling might have to wait for people who just experienced job losses and business closure. Therefore, most hotel rooms will remain empty. As most companies have permanently pushed their employees to https://jameskassouf.info/post-covid-commercial-real-estate-expectations/
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