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.
From time to time clients raise the question of the difference between corporate real estate…
Much like their for-profit counterparts, nonprofits must also follow specific financial reporting standards, including Accounting…
GAAP (Generally Accepted Accounting Principles) and tax accounting are two common methods used in accounting,…
In today’s business environment, organizations are under growing pressure to understand, measure, and report their…
Understanding the commercial real estate market cycle is a fundamental element of understanding the broader…