Tenants looking for space have to rely on flyers, floorplans, and virtual tours.
Brokers and attorneys are working on negotiations to defer rent for a couple months or “blend and extend” leases, where the tenant extends their current lease (many times with concessions).
Attorneys receive inquiries for guidance on 1031 exchanges as the Feds have yet to grant an extension.
“Pre-CV” and “Post-CV” pricing per Douglas Harmon of Cushman & Wakefield. “Deals executed or agreed upon in mid-March are being viewed and valued differently than those discussed today or tomorrow”
Keith Rubenstein of Somerset Partners predicts that we will see optional pandemic insurance, similar to terrorist insurance, in the future.