NAIOP May Coronavirus Impact Survey Reveals Modest Improvement in Conditions for Development
Originally published on May 27, 2020 By Shawn Moura, Ph.D.
Last week, NAIOP conducted its second survey of its U.S. members on how the coronavirus has affected their businesses and local markets. The survey results reveal the continued effects of the outbreak and how commercial real estate firms’ response to the outbreak has evolved since April. Although conditions are broadly similar to those in April, the results reveal a moderate rebound in acquisitions and new development and a modest decline in the outbreak’s effects on current development projects.
The survey was completed by 461 NAIOP members between May 18 and 20, 2020. Respondents represent a range of professions, including developers, building owners, building managers, brokers, lenders and investors.
Below is an overview of the survey results with direct quotes from the participants (in italics) followed by key data from the survey and a profile of respondent characteristics. Results from April’s survey can be found here.