The coronavirus hit the economy and commercial real estate like a hurricane. Read the Cover Story

Summer 2020 Issue

office space

Will Teleworking Change the Future of the Office?

By: Shawn Moura, Ph.D., and Trey Barrineau

The COVID-19 pandemic might not have a massive economic effect on the office sector, but it could spark big new ideas on the use of space.      

retail sector

Pain Spreads Wide in Retail and Hospitality

By: Shawn Moura, Ph.D., and Trey Barrineau

The effects of the coronavirus hit these sectors earlier, faster and more deeply than other areas of commercial real estate.      

e-commerce warehouse

Amazon Could Provide a Peek at Industrial’s Post-COVID Future

By: Ed Klimek

The e-commerce giant understands how to connect products and consumers.      

CRE industry research

Experts Speak: COVID-19’s Impact on Commercial Real Estate

By: Ron Derven

Industry researchers respond to the crisis and take a look at what’s on the horizon.      

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Download the Summer 2020 Issue of Development

By: Various

Download a PDF version of the Summer 2020 Issue of Development.      

Must-Read Articles

finance

CRE Loan Defaults: A Brief Guide for Lenders and Borrowers

By: Clayton Gantz, Steve Edwards and Tom Muller
The coronavirus pandemic could create a lot of distressed assets.
financial return

Five Issues Landlords Should Consider Regarding a Pandemic's Impact on Commercial Tenants

By: Michael Stewart
Many tenants need rent relief, but what are the best ways to go about providing it?
construction site

Construction Considerations During the COVID-19 Pandemic

By: Marie Ruff
An open, collaborative mindset is important in these unprecedented times.
cleaning and sanitation

COVID-19 Could Lead to Cleaner, Healthier Buildings

By: Trey Barrineau
Expanded sanitation processes and improved HVAC systems could become standard in the years ahead.
coronavirus covid19

Property Owners Must Prepare for Potential COVID-19 Liability Issues

By: Ron Derven
During a pandemic, business-interruption insurance may not be a panacea.
finance negotiation

Negotiating with Tenants During a Major Economic Disruption

By: Ron Derven
Flexibility is a must, but document everything as specifically as possible.
digital brokering

Force Majeure During a Pandemic: What You Need to Know

By: Grace Winters and Timi Anyon Hallem
It’s crucial to review contracts during uncertain times.

Related Research and Publications

Working Together as a Team: Negotiating With Tenants and Leasing Space During COVID-19

By: Shawn Moura, Ph.D., Director of Research, NAIOP Research Foundation
This research brief draws from interviews with brokers and building owners, news sources, NAIOP webinars, and NAIOP survey data to identify best practices for triaging office and industrial tenant requests, offering reasonable accommodations to those tenants who need short-term assistance, and responding to uncooperative tenants. The brief also examines how owners are adapting the ways they show and lease space to new tenant preferences and safety expectations.

Using Capital Improvements to Create Competitive Advantage in the COVID-19 Era

By: Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech Research Foundation
This brief evaluates the merits of frequently discussed capital investments and their potential to create durable competitive advantages. It draws from an analysis of recent coverage in commercial real estate trade publications, as well as conversations with seven industry practitioners that took place in June 2020.

Navigating a Safe Return to Work: Best Practices for U.S. Office Building Owners and Tenants

By: Shawn Moura, Ph.D., Director of Research, NAIOP NAIOP Research Foundation
Measures to contain the coronavirus outbreak temporarily slowed economic activity and dramatically reduced occupancies at many commercial buildings. As state and local governments outline plans for a phased reopening of the economy, office building owners and employers are formulating plans that will allow employees to return safely to work.

Perspectives

View All Perspectives

COVID-19: An Unprecedented Situation Demands an Extraordinary Response

By: Thomas J. Bisacquino
NAIOP rises to the challenge.

Commercial Real Estate Pitches in to Fight COVID-19

By: Richard Tucker
Industry’s charitable efforts help save lives and ease the economic burdens of the pandemic.

A New Direction for CRE

By: Jennifer LeFurgy
Although pandemics are not necessarily outliers, I don’t think many of us could have predicted the events of the past months.

In Times Like This...

By: Larry Lance
It’s during times like this that we have to prioritize what’s most important.

Former NAIOP Chairman Jim Neyer Retires

Jim Neyer, NAIOP’s national chairman in 2018, retired from AI.Neyer on May 1.

Additional Articles

loan agreement

COVID-19 Challenges: Approaching a Mortgage Lender for Help

By: Trey Barrineau
Important advice for borrowers who own buildings where tenants are in trouble.
US capitol

Washington Responds to COVID-19

By: NAIOP Government Affairs Staff
Congress and the Federal Reserve took unprecedented action to shore up businesses, including commercial real estate.
FirstNet public safety network

The Importance of In-Building Wireless for the FirstNet Emergency Network

By: Ted Hebron
A dedicated digital network for first responders might require modifications to commercial properties.
motherboard

See Spot the Construction Robot Run, Climb, Scan, and More

By: Trey Barrineau
The coronavirus pandemic could push contractors to consider technological solutions to labor issues.

Research Foundation Report

This research brief provides an overview of best practices in improving safety against the coronavirus for building owners and employers. It focuses on immediate measures to improve building safety. Available Now!

Navigating a Safe Return to Work