Real Estate

Forbes Real Estate Council Predictions For Innovation In Commercial Real Estate

The impact of Covid-19 has greatly been felt across the commercial real estate industry. Many businesses had to shut down, while others moved to work remotely. Few new businesses opened due to the uncertainty the pandemic brought. During this time, there was little need for buying or renting commercial buildings. However, as agents know, the impact of crises on real estate does not last forever.

As the world begins to return to normal, workers are going back to the office and businesses are beginning to open. The demand for commercial real estate is growing, and with this growth come new possibilities for innovation. Below, 11 members of Forbes Real Estate Council predict how the commercial real estate landscape will react to the effects of the global pandemic.

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East Providence Planning Board approves ‘Newport Center’ mixed-use project

The mixed-use development proposed for the long dormant parcel on Newport Avenue abutted by New Road and Moore Street was approved by the Planning Board at its May 10 meeting. “Newport Center,” as called by owner Schiavo Enterprises, LLC, can move forward with the construction of two four-story apartment buildings, a gas station/convenience store and a commercial outlet, the stated intention for the space to be a grocer.

Corona Virus New York

Coronavirus & Commercial Real Estate: What We Do & Don’t Know

The coronavirus pandemic (COVID-19) has not only impacted the physical health of humans around the world, but the health of the U.S. economy as well. The stock market has fallen about 33 percent from its February highs, and unemployment is estimated to rise to between 20 percent and 30 percent — though no one knows the true fallout yet. Because we’re still in the thick of it.

As The Coronavirus Spreads, It’s Not Business As Usual For Real Estate Agents

As the spring selling season gets underway and the number of coronavirus cases and deaths rises across the United States, some agents have had to come to terms with the harsh reality that the outbreak is putting them in the delicate position of forgoing common practices such as holding open houses or even shaking hands to contain the spread of the COVID-19 disease.