Many companies have been barely hanging on and will not be able to survive until then. Also the fallout from retail, hospitality, multifamily, entertainment and office properties going into foreclosure will continue to unfold all year. Some companies will order their office employees back to the office while others will see no reason to incur the risk of doing so. I don’t see a switch going on where things get back to the old normal. It will be this way for quite some time so get used to it. Face masks are not going away and neither is the virus. We will eventually figure out how to live with it, at whatever cost. Who would have thought that a pandemic would so quickly transform so many parts of the commercial real estate industry?
As always thanks for reading! Stay safe and have a great day.