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Like most businesses, the fitness industry has not been spared from the downsides of the Covid-19 pandemic.  The fitness clubs and centers under government measures like lockdown and community quarantine were not allowed to operate. With coronavirus still spreading throughout the country, the safest way to exercise is at home or outdoors, at least six…

The virus has impelled a lot of realizations and learning as people spent more time at home. It even changed the accustomed way of working for many sectors including the real estate. Businesses have needed to adapt and provide action plans quickly to minimize the impact the pandemic is manifesting.   April shown a major drawback…

Malls are reopening after the coronavirus lockdowns that caused six weeks of economic paralysis and major financial drawbacks, leaving business owners, employees and consumers to adjust their protocols to the new normal. Other than safety precautions, retailers are dealing with excess and out of trend inventory post lockdown. Retailers that are liquidating following a bankruptcy filing also adds on the list. Analyst…

From stores closure, now physical retail establishments are jeopardized of being replaced by technology in a virtual reality form. As we are still far from completely normal, retailers and researchers are coming up with ideas of innovation, developing online shopping and coping up with today’s demand of safe and fulfilling shopping experience.  Dedicated brands like American Eagle organized…

It’s been reported that huge companies are undergoing store closures due to coronavirus. When everyone in the retail industry seems struggling in providing and getting a paycheck, dollar stores have it the other way around. Dollar stores scored strong sales and profit growth in the first quarter of the year as the pandemic sets in. Dollar General…

As we live in a new normal, we are left with no choice but to adjust our daily routines while prioritizing health and exposure avoidance to Covid-19. Some are adapting well and benefiting from the lockdown. E-commerce sales are skyrocketing. Working from home setup pushes professionals to save money from transport and miscellaneous expenditures they…

Senate Bill 939, written by Senator Scott Wiener (D-San Francisco), was approved by the Senate Judiciary Committee on May 22 by a 5-1 vote. It would allow withholding of rent for more than a year and permits hospitality tenants in California to terminate their leases if negotiations with landlords fall through. According to the bill, small business…

Realizations come kicking in as the global pandemic conquered the real estate industry. Perhaps you already quite know about this, but let’s make it today’s topic – America’s malls are incredibly dependent on retailers, particularly department stores – and this is such a crucial issue now that the rate of retail store closures accelerates rapidly. …

The COVID-19’s effect is uncompromising as more drawbacks in commercial real estate arise. Valuations has now become the main talk as realtors face uncertainty in property pricing. The industry is in a turmoil in finding out where prices are at and where they might be headed. The perception that the entire market is at halt…

According to Moody’s Analytics on its forecast in the first week of May, retail rents may drop at 11% this 2020.  This is based on the current data of US CRE markets collected by the Moody’s Analytics Real Estate Information Services (REIS) group. Burdened with wide-scale store closures, retail industry is expected to be affected worst and…