Weekly Shorts - April 12th, 2020

  • Cushman & Wakefield has formed a post-pandemic recovery task force to prepare employees, tenants & landlords to return to work. It will draw on its current experience in China where roughly 1M workers are returning to their buildings.

  • Despite the crash in oil prices, Dallas - Fort Worth is expected rebounded swiftly following the pandemic. CBRE states office use in the market is expected to fair better than retail & hospitality.

  • Meanwhile, CBRE executives are taking a collective 15% reduction in salary in response to Covid-19.

  • Post-pandemic tenants & landlords are likely to rethink lease-terms & deal structure.

  • Paul Ricci with CohnReznick doesn't see firms getting rid of office space but rather, changing the way they utilize it; accommodating a fluctuating group of employees.

  • The California Board of Realtors has announced that residential & CRE is officially deemed an essential service.

  • Developer 'The Related Companies' told CNBC they have collected 88% of residential rents, 95% of commercial rents & only 26% of retail rents.

#CushmanWakefield #CBRE #Malls #TheRelatedCompanies #DFW #Covid19 #Office #Retail

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