Addressing Financial Uncertainty Amid COVID-19 Recovery: Q&A with Hans Dau, Mitchell Madison Group
We’ve heard a rather sensational prognosis about commercial real estate and the market shrinking as many won’t return to the workforce, physically. What can be done to address, perhaps counter this trend and what can alternatively be done to adjust to this new normal?
Commercial real estate will be challenging for quite a while. Not only has the COVID recession hurt rent paying businesses, but more importantly the massive increase in e-commerce and all manner of contactless delivery options as well as the work-from-home trend will result in substantial overcapacity for commercial real estate for the foreseeable future.