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.
In the ever-changing world of lease accounting, staying informed and compliant with the latest standards…
When it comes to business leadership, challenges are omnipresent. From rapidly changing market dynamics to…
In the complex world of business, understanding the difference between lease accounting and lease administration…
Visual Lease’s latest platform extension continues to gain industry recognition for helping organizations track and…
Sustainability continues to gain momentum as the United States moves to standardize related reporting efforts.…
In today's rapidly changing business landscape, tech advancements and market dynamics demand resilience and adaptability…