Features Xan Saks Regarding Valuing CRE Rents After the Pandemic

With many commercial real estate tenants expecting rents to drop, Xan Saks explains the current scenario and what to expect in the future. He says “Over the past few months, I have heard many tenants say the phrase ‘is that pre-COVID pricing?’ in response to a landlord quoted asking rent. From New York to Los Angeles, it is clear that there is an overwhelming belief by tenants—and prospective tenants—that commercial real estate rents have come down as a result of Covid-19. While it would certainly seem logical that mandated store and office closures, shelter in place orders, and continued uncertainty surrounding the virus would lead to reduced rents, the question we need to answer first is how do we value commercial real estate in a pre versus post COVID world?”

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