A disturbing, but not unexpected, report was released recently by the financial analysts at Capital Economics.
For the short-term, those in the commercial property field are going to have a very rough time.
They predict that the coronavirus across the U.S. “will bring many businesses to a standstill.”
What that means is a big rise in vacancies across all major real estate sectors. Rents will inevitably decline as the demand for commercial properties dries up. And even when the virus subsides, investors will be reluctant to act because of limited real estate cashflows and the prospect of smaller yields.
“The combination of these factors means that capital values will fall by 9% this year.”
Trying times ahead; stay strong.
Read on HERE.
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.