Since the first day of Level 2, I have been surprised by the amount of enquiry and activity, and good quality listings are being well received. I have noticed very little change in regard to receiving offers on investment properties and lease tenancies from before the first wave of COVID-19, although this may change in the coming months.
With the impact of COVID-19 in 2020, what is the new normal for the economy and more importantly for our commercial and rural property? This is something that we are all trying to understand and navigate and something that only time will reveal!
New York, NY – April 30, 2020: The Coronavirus is impacting global property markets with equal severity to what is happening in the U.S. this spring. The greatest disruptions, again like the U.S., have been in resort and hospitality sectors, retail real estate, commercial office and to a lesser extent, industrial properties.
If anyone says to you that they have a good feel for what is going to happen during the global shutdown as we fight the COVID-19 pandemic, ask them this simple question. What is it you saw happen during the previous pandemics?
Infrastructure is essential to the efficient operation of our cities and impacts on how we live, work and play. It can also offer a significant opportunity for those looking to invest in commercial property or businesses.
This issue of Market Leader features:
- Key Assets final issue for 2019 out now
Personal Guarantees are used as a way of overcoming concerns regarding future events, but it is never something to be taken lightly. It is important that a person providing a personal guarantee understands its full implications before agreeing to it. Obtaining independent legal advice should always be recommended.
Whether you’re in the market looking to invest in a commercial property or you already own commercial real estate, you’ll want to ensure that you get the maximum return on your investment.