Key Findings | Business Barometer Real Estate Edition
Published on by Scott Cress in Consulting, Real Estate
Introduction
The global pandemic has impacted virtually every industry and every aspect of our lives – and perhaps one of the greatest impacts is the massive shift to remote working. To better understand COVID-19’s impact on our region’s real estate industry, we surveyed real estate companies across a range of sectors and topics.
We asked about tenant rent deferral strategies and the impact of widespread remote working as well as future plans for buying or selling properties. Here are the results – including some creative ways companies are bolstering their business operations, working with tenants, and charting a successful course for 2021 and beyond.
Methodology
42 real estate companies in Ohio, Kentucky, and Indiana completed our survey, including commercial and residential real estate companies (with some respondents indicating they’re involved in both), real estate developers, and real estate investors as well as construction and engineering company respondents.
They answered 15 key questions about rent and mortgage payment deferrals, new business strategies and tactics, PPP loans and other relief programs, and the likelihood of buying or selling properties compared to the pre-COVID period. The survey was conducted in Q1 of 2021.
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