COVID-19 Roils Commercial Real Estate Market

Originally published on April 14, 2020 by Marc Rapport for MillionAcres.com 

The coronavirus pandemic has wreaked havoc on Americans' health and on their businesses. April 1 marked the first major due date for rent for millions of enterprises large and small, and reports from around the nation show that many simply couldn't make do.

Unlike the morbid updates from Johns Hopkins University, there's no daily body count of lost businesses, but reports of unpaid April rent have popped up around the country, along with accounts of how landlords and tenants are dealing with the sudden collapse of a huge chunk of the American economy.

The news reports recount the good, the bad, and the opportunistic -- including tenants reportedly seeking the help they may not need and landlords taking advantage of the situation to run-off long-term tenants in favor of new businesses with deeper pockets and expansion plans.

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