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This report discusses the results from a survey about leasing conditions in the second quarter of 2020, capturing the critical period when almost all states implemented stay-at-home or shelter-in-place orders that ground business to a near halt, resulting in office, business, and recreational facilities closures and an unprecedented surge in unemployment.
Suburban office space acquisitions have been on the rise since 2017, but this trend may pick up as a result of social distancing and increased opportunity to work from home.
The retail property market is one of the most negatively affected commercial markets by the coronavirus pandemic and measures taken to contain it.
The industrial property market performed relatively well and was one of the investors' preferred asset classes as it was not as negatively affected by the coronavirus pandemic as others.