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THE RUNDOWN

Which sectors will feel the severest effects of Covid19?

March 13, 2020

 

  • Hardest hit: the tourist sector i.e. the hotels and retail that depends on tourism, including all the homes and apartments on Airbnb and other short stay operators.

  • Potential home purchasers will begin to worry about job security and put off purchases.

  • JPMorgan warns that co-working demand will likely evaporate, and sub-lease space pick up.

  • In the commercial market, retail is the most exposed, particularly retail dependent on discretionary spending

  • Industrial property is affected by supply chain disruption

  • The construction industry has slowed - it sources much of its material from China.

  • QUESTION: If tenants contract COVID-19, what disclosures would be required? and who pays for and guarantees the cleaning?

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