Thursday, March 19, 2020

Retail Investment Sales Volume Was Already Down Before Coronavirus Hit. What Will Happen Now?

As the world struggles with the impact of the coronarvirus pandemic, the question looms how it will affect U.S. commercial real estate as there are more quarantines, limited gatherings, travel restrictions and closings.

Bricks-and-mortar retail has already been grappling with overwhelming changes in consumer shopping behavior. A record 9,300 stores closed in the U.S. in 2019, reported global marketing research firm Coresight Group, shattering the previous record of roughly 8,100 stores in 2017. . . . more