We recently surveyed hundreds of companies, including 700 Visual Lease customers (see Fig. 2), about the impact COVID-19 has had on their corporate real estate leases. As seen in the infographic images below, we found a wide range of companies that shifted the occupancy within physical office locations, which resulted in exploring rent relief options, payment deferment options, and varied other financial and operational decisions.
Fig. 1: COVID-19 had a substantial impact on commercial real estate leases, causing a majority of surveyed companies to make critical decisions regarding lease payments and office locations.
Fig. 2: Visual Lease customers, experienced significantly variable differences in office closures due to COVID-19, although most companies continued to pay rent without any additional relief.
Performance management in corporate real estate has matured rapidly over the last ten years due…
Space (square footage) is the universal unit in corporate real estate management. It defines the…
By Mark McDonald. There’s been a significant shift in today’s digital landscape. While companies used…