Key Take Aways
• Construction loans for owner users are available but not from speculative development.
• A large number of offices are beginning to reopen.
• Response time and since of urgency in the business community is down.
• Remote working as a general rule has been much better received than anticipated.
• Many companies are looking for strategies to reduce space.
• Commercial Real Estate is seeing higher activity in industrial & investment sectors, low activity in retail and large office space.
• Concerns with effect of short falls in tax revenue on state and local budgets.