Pandemic has accelerated huge changes in commercial real estate


Pandemic has accelerated huge changes in commercial real estate

Living in the past is not something that commercial real estate executives are planning on doing anytime soon.

As the pandemic rages in upstate New York amid hopes that much of the population should be able to get vaccinated (hopefully) against COVID-19 within a few months, the commercial real estate market is going through a reckoning.

Who would have imagined a year ago that Crossgates Mall would be suing well-known tenants like the Gap and Lord & Taylor over unpaid rent?

Or that a year later landlords would be still barred by Gov. Andrew Cuomo from evicting their commercial tenants?

What we have learned is that in the age of the coronavirus, anything is possible.

And when it comes to commercial real estate, the idea of opening up the sector to new possibilities is what is moving the industry these days.

Just ask Todd Curley.

Source: Times Unition
Pandemic has accelerated huge changes in commercial real estate

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