The boss of Hawksmoor, a series of steakhouses that employs 700 workers in Britain, had been days away from opening his first New York outpost. Instead government-imposed lockdowns pressured him to shut all his restaurants down. The City sorts that normally queue for its scorching cuts had been pressured to go without. So too were Mr Beckett’s landlords, after he advised them he couldn’t afford to pay hire for the second quarter.

A savvy tenant will attempt to expand permitted makes use of during lease negotiations. Similarly, landlords should understand that, in many respects post-pandemic, flexibility is helpful from their perspective as well. As the pandemic plunged the financial system right into a deep freeze this spring, the share of business real estate loans that were delinquent rose to 10.3 % in June from 2.3 % in April, based on Trepp, a provider of financial information. No matter which aspect of commercial real estate you’re interested in – whether or not or not it’s value-add office area all the method in which to multifamily development – there’s a weblog out there for you. We have built and maintained a comprehensive commercial property database comprised of data collected from some of …

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