The business of real estate
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NYC Appeal for vacant space for surge hospitals
New York City Economic Development Corporation is appealing to the commercial real estate industry for help sourcing vacant space to use as surge hospitals. The space should be more than 80,000sf but ideally 1msf, with utilities, HVAC, a dedicated entrance and open plan. Read more about the appeal, here.
In association with FPL Associates, NAREIM produces two proprietary research reports providing members with enterprise benchmarking and real estate investment management compensation data.
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Rent relief in the age of Covid-19
Requests for rent relief are primarily coming from retail tenants, however office and multifamily tenants are also asking for concessions as they deal with the impact of Covid-19 and shelter in place regulations, according to a new NAREIM member survey conducted this week.