What now? Assessing the impacts of COVID-19 on real estate
The spread of the novel coronavirus has destabilized global markets and instigated an economic downturn. Below, the editors of Institutional Real Estate, Inc.’s regional publications — Loretta Clodfelter of Institutional Real Estate Americas; Marek Handzel of Institutional Real Estate Europe; and Jennifer Molloy of Institutional Real Estate Asia Pacific — discuss some of the possible implications of the COVID-19 pandemic for the commercial real estate investment world.
How are regional property markets reacting in the wake of the COVID-19 pandemic?
Clodfelter: The fascinating thing is how reactions seem to be the same but in different time series. So North America in late March is going through what Europe did in early March, versus what the rest of Asia Pacific did in February, versus China in January. We have this telescoping of time, partly because