AZRE | AZBigMedia
CBRE’s Chairman of Americas Research and Senior Economic Advisor Spencer Levy released the company’s outlook for the economy and specific commercial real estate sectors. Levy and his team addressed the impact of the COVID-19 pandemic and the affect containment measures have on the commercial real estate outlook.
“Much of America is planning its return to the workplace. While that is a welcome turn of events, we also need to acknowledge and embrace that companies will return – slowly – to a changed workplace with new procedures,” Levy said in a statement. “Office users likely will practice social distancing by rotating employee groups allowed into the office on certain days. Restaurants, stores and hotels will need time to reassemble their workforces and restock supplies while limiting in-person patronage. It is likely that society and business won’t fully return to normal until we have a vaccine.