Join us for a webinar on Wednesday, April 8 at 1 PM ET to discuss the impact of COVID-19 on the US CRE Retail sector.
The ramifications of coronavirus on CRE have evolved quickly, and the already troubled brick-and-mortar retail sector has been second in line after hotels to feel the severe pain. Nationwide social distancing measures have closed stores and decimated brick-and-mortar retail sales. It is very uncertain how long the untenable negative impact will continue, and the possible paths to recovery are unclear and grim. As tenants and landlords hash out lease and rent negotiations, much ultimately hinges on temporary government relief. What does a likely path to recovery look like in the retail sector performance data? After the peak of the COVID-19 outbreak is past, what will a retail recovery look like?
- The near term outlook for retail – sponsorship, geography and property type matters
- How owners and tenants are impacted by the CARES Act and in-place lease provisions
- Possible ramifications for retail in a post-coronavirus world
Cristina Pieretti, Managing Director-Head of REIS, Moody's Analytics REIS
Victor Calanog PhD, Chief Economist, Moody's Analytics REIS
Keith Banhazl, Managing Director, CMBS Surveillance, Moody's Investors Service
Robb Paltz, Associate Managing Director, CMBS Primary, Moody's Investors Service
Daniel Rubock, Senior Vice President, CMBS, Moody's Investors Service