A Changing CRE Landscape Due to COVID Variants

[vc_row][vc_column][vc_single_image image=”880″ img_size=”full” alignment=”center”][vc_raw_html]JTNDZGl2JTIwaWQlM0QlMjJidXp6c3Byb3V0LXBsYXllci05MjQzMzQ1JTIyJTNFJTNDJTJGZGl2JTNFJTNDc2NyaXB0JTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZ3d3cuYnV6enNwcm91dC5jb20lMkYxNzQwMjc5JTJGOTI0MzM0NS1hLWNoYW5naW5nLWNyZS1sYW5kc2NhcGUtZHVlLXRvLWNvdmlkLXZhcmlhbnRzLmpzJTNGY29udGFpbmVyX2lkJTNEYnV6enNwcm91dC1wbGF5ZXItOTI0MzM0NSUyNnBsYXllciUzRHNtYWxsJTIyJTIwdHlwZSUzRCUyMnRleHQlMkZqYXZhc2NyaXB0JTIyJTIwY2hhcnNldCUzRCUyMnV0Zi04JTIyJTNFJTNDJTJGc2NyaXB0JTNF[/vc_raw_html][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The COVID pandemic has proven that commercial real estate is very resilient. Even as new variants present new challenges, the commercial real estate sector in large part continues to adapt and prosper beyond the predictions at the beginning of the pandemic.

We and more specifically, the commercial estate investment sector, are not out of the woods, yet. COVID continues to rear its ugly head and presents hurdles. The economy, regardless, will be impacted. This invariably has a negative impact in certain sectors of the commercial real estate industry. Companies are hesitant to completely send employees back to the office, lenders will tighten on concessions and there will have to be an adjustment on values.

To be fair, not every sector is as bullish as some of its counterparts. The unknown circling around this pesky virus makes it frustratingly hard to forecast beyond the calendar year. However, for the asset classes that have been impacted the most severely, there is light on the horizon. There have been indicators to prove this as people move more freely around the country and back to the office.

Contact Info

To learn more about how property tax issues can affect your investing strategies, please reach out to Tim Feagans directly at tim.feagans@retcgroup.com.[/vc_column_text][/vc_column][/vc_row]

RETC Group was recently acquired by Ryan, a leading global tax services and software provider and the largest Firm in the world dedicated exclusively to business taxes. The combination of RETC and Ryan creates the largest property tax team in the United States with the most local expertise of any provider. RETC’s existing clients will continue to receive the excellent service they have been receiving and will now have access to Ryan’s value-added services and tax-saving strategies across more than 50 global tax disciplines.

Please follow Ryan on LinkedIn to receive updates on our next chapter, and visit ryan.com to learn about all of the comprehensive property tax services now available to you.

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