While the impacts of COVID-19 have been felt everywhere, commercial real estate is feeling it acutely in terms of shifting tenant demand. Success depends on businesses making their rent and the pandemic has led to widespread retail slowdown and shutdown, with an accompanying lack of need for empty spaces. And there is the related concern that work-from-home arrangements may continue to depress office space demand even after the pandemic is resolved. Throughout downtown and suburban markets, modifications of business plans are materializing in response to new requirements.
When a vaccine is available and the pandemic is under control, will commercial real estate experience a significant rebound? What are the sub-sectors of commercial real estate which have been better positioned to ride out the pandemic? Our experts give us an overview of the local market.
Anna Coskran, Principal – NTH, Inc.
Jonathan Weinhagen, President/CEO - Minneapolis Regional Chamber of Commerce
Amy Wimmer, Director - Hines
Brent Karkula, Managing Director/Agency Leasing Team - JLL
And we will also get an update from Henry Chamberlain, President/COO of BOMA International on predominant trends in the national market.