WHO WE ARE
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?