Implications of COVID-19 for global real estate

First half 2020 is “likely to record the largest economic contraction in living memory” and “property, like most sectors, will not be immune but still provides attractive long-term risk-adjusted returns,” according to Nuveen Real Estate’s COVID-19: Global Research Update.

Released April 7, the report looks at the global (and regional) near-term effects for real estate by property type, and provides projected long-term implications for real estate.

Retail

For all regions, the impact of travel restrictions on tourism flows is further hindering an already wounded retail sector. Retailers are seeking rental concessions to cope with the downturn, with government measures, including handouts, being implemented to help retailers cope with the crisis. Infection fears and social distancing implementation by go