Key Take-Aways
• Tracking at 50% rent collections with deferral arrangements being made.
• Hotels are starting to see more activity and suspect 50% occupancy in July.
• Construction is happening, but things are slow – volume is down 50%.
• Residential is booming – virtual tours are working and will remain as a part of the industry.
• Architects are responding to a lot of proposals but not seeing many decisions being made.
• Banks are hanging in, but the equity guys are waiting for the real opportunities.
• Higher Education is expecting a 20% reduction in enrollment.
• Federal Reserve still has arrows in the quiver; they are at a level of stability not stimulus.