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Covid-19 and Key Real Estate Sectors – the Latest

Coronavirus impacts on U.S. real estate, at a glance.
Hotels and Motels
44.2%YTD occupancy at 44.2% for week ending November 7 (STR)
Shopping Malls
89.6%Mall occupancy rate of 89.6% in Q3, per Moody’s Analytics REIS
General Office Space
86%Office space occupancy at 86% for Q3 2020, per CBRE.
Industrial Space
95.3%Occupancy rate of 95.3% for Q3 2020, per CBRE
Multi-Family Housing
95.6%Overall occupancy of 95.6% as of Q3, per CBRE.
Senior Housing IL
78.8%Occupancy rate of 78.8% for senior independent living, October.

The Covid-19 pandemic of 2020 is impacting the various real estate asset classes in quite specific and unique ways.   Most of us will acknowledge that the virus has any in many instances simply propelled consumer trends and technological efficiencies that were otherwise underway.   Regardless, these are major changes all the same, and in an unusually rapid time-frame.

 

For our summaries shown above, we rely upon the following data sources:

 

Hotels and motels – our source is STR, a division of CoStar Group.  STR provides market data on the hotel industry worldwide, including supply and demand and market share data.

 

Shopping malls – our source is Moody’s Analytics REIS a leading provider of U.S. commercial real estate (CRE) data.  Moody’s acquired REIS in 2018.  Moody’s Analytics offers software, advisory services and research for credit and economic analysis and financial risk management.

 

Multi-family housing – our source is CBRE Group, Inc. (“CBRE“), a U.S commercial real estate services and investment firm.  The abbreviation stands for Coldwell Banker Richard Ellis, the two firms for which CBRE is now based.

 

Senior housing (IL)

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