Empty Retail Space May be the Next Economic Crisis
This article discusses how the commercial real estate industry is falling deeper and deeper into a hole created by the coronavirus pandemic. On top of tenants being unable to pay rent and companies filing for bankruptcy, the industry is seeing frustration “with the lack of traction the issue is getting with policymakers.” Additionally, the hotel industry has also been hit hard as they continue to see about a 50% occupancy rate. Be sure to check out this link for more details!
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