The International Monetary Fund has raised concerns over commercial property and the risk it could pose to financial stability, as the sector faces a series of challenges on the back of the coronavirus crisis.
These include the fact that many non-essential retailers were forced to shut their doors as economies across the world locked down in response to the pandemic. In addition, many employees began to mostly work from home, and online shopping surged. It has raised questions about the future of physical stores, whether companies will move to smaller offices, if retailers will need bigger logistic warehouses, and ultimately how all of this will impact rents. Continue reading.
