Most tenants are seeking deferrals, and discussions are widespread, said Juniper Square customers in the firm’s survey of the impact of COVID-19 on areas such as rent collections, lender workouts and overall outlook.
About 65 senior decision-makers participated in the study, and other insights include:
89 percent of firms are in discussions about rent mitigation
80 percent of firms are concerned about their ability to meet loan covenants if this crisis lasts three-plus months
Comparison to Great Recession varies, but most expect less impact to commercial real estate
The survey results will be released April 20.
