As COVID-19 impacts everything from trade and travel to spending and personal health, the real estate industry still faces more questions than answers. What kind of impacts will this once-in-a-century pandemic have on businesses, employees, and communities? What are the implications of a global health crises on investment decisions and portfolio strategy? What happens when people can’t pay their rent?
To help real estate investors sift through the surfeit of COVID-19 content, and separate substance from supposition, AFIRE has collected the following resources and guidance for understanding where we are now, and where we’re going next.
If you have any relevant resources you’d like to share or develop with AFIRE, let us know.
[LAST UPDATED JULY 16, 2020]
“As this unprecedented situation continues to rapidly evolve, Avison Young’s briefing notes are intended to provide an up-to-date assessment of the impact on the commercial real estate market.”
“We have been closely monitoring the global progression of the COVID-19 virus, and have progressively implemented measures intended to safeguard our employees’ health and safety and the continuity of our business. AXA IM’s management team is fully mobilised to address any issue COVID-19 may cause and is acting accordingly.”
A growing series of articles, case studies, guides, and best practices from cities learning from and adapting to the ongoing COVID-19 crisis.
“Based on information from the U.S. Centers for Disease Control and Prevention (CDC), BOMA International has released a series of guidance documents to help property professionals navigate this public health concern.”
“As cities around the world respond to the coronavirus (COVID-19) pandemic, C40 [a network of the world’s megacities committed to addressing climate change] is doing everything that we can to support cities to manage the immediate crisis and during the recovery that follows. We are listening to the support needs and requests emerging from our network of cities to synthesize learning and best practice around the critical issues they are facing.”
“COVID-Local and the Frontline Guide are a joint project of the Global Biological Policy Program at the Nuclear Threat Initiative (NTI), the Center for Global Development, and the Georgetown University Center for Global Health Science and Security, in collaboration with Talus Analytics. Our focus has been on providing information for both slowing and suppressing the spread of the virus, and also on supporting community needs in settings where long-term lockdowns may not be viable.”
The AFIRE Mailing List is sent intermittently with updates on AFIRE news, publication opportunities, research and survey invitations, tax and regulatory bulletins, COVID-19 research, and other information advancing real estate thought leadership.
Fill out the form below or click here to subscribe.
“The COVID-19 outbreak is moving quickly, with a growing impact across the globe. This resource is intended to provide perspective on the evolving situation, as well as implications for the real estate industry.”
“The COVID-19 situation is evolving quickly. We will continue to monitor the coronavirus and its impact very carefully and provide updates as frequently as possible.” (+Newsletter)
“Cushman & Wakefield’s Recovery Readiness Task Force (RRTF) will be releasing a toolkit with step-by-step protocols for tenants and landlords to use as they begin planning the transition back to the workplace. This effort will build on best practices from Cushman & Wakefield’s experience in China, where the firm is already moving 10,000 companies and nearly a million workers back into more than 1,000 buildings through a joint venture with Vanke Service.” (+Newsletter)
“At DLA Piper, we care about and are invested in the success and well-being of our clients and our communities all over the world. As part of our service to them, we developed this global repository of Insights, Events and Contacts to deliver our proven guidance and direction during these difficult times.” (+Newsletter)
“To help track fast-changing valuations, Green Street has unveiled US and European versions of REITs Amid a Pandemic.”
“ICC has launched a COVID-19 web portal, providing trusted and up-to-date information for businesses, policymakers and chambers of commerce worldwide. The new site has been developed in line with ICC commitments to the World Health Organization (WHO) to facilitate information flows by disseminating the latest and most reliable information on the COVID-19 outbreak to businesses.”
*NEW* International City Management Association (ICMA): Coronavirus Crisis Response Resources for Your Community
“Local government managers throughout the world are working tirelessly to protect, support, and lead their communities through the developing COVID-19 pandemic. ICMA has created this resource page and continues to develop and curate resources for local government managers to help them in their response to the COVID-19 outbreak. ICMA will update this page as information becomes available.” (+Newsletter)
“As COVID-19 impacts communities around the world, we want to help you navigate its implications for your workplace, your asset(s) and the global real estate markets.”
“The rapid spread of COVID-19 has introduced new challenges across the business landscape. [KPMG] insights and guidance can help business leaders gain perspective and better understand evolving business implications as they occur.”
“As lessons are learnt from close collaboration with our clients [about COVID-19], we will be posting regular legal updates, pragmatic advice and insights designed to help you ‘stay ahead of the curve.'” (+Newsletter)
“Because this is a rapidly evolving situation, NAA will monitor developments and will continue efforts to secure guidance specific to the operation of rental housing from health officials. Additionally, NAA will update our website with new information as it becomes available.”
“Newmark Knight Frank (NKF) is dedicated to providing unique insight and analysis to its clients and colleagues, particularly during challenging times. Serving as a source of stability, reliability and advisory, NKF offers a progressive compilation of resources designed to help navigate the implications of COVID-19 for global real estate markets.”
“Nuveen Real Estate’s market-leading global research team is working daily to understand and assess the impact of the coronavirus on real estate markets, and to provide regular global, regional and sector perspectives. The latest insights can always be found on this page.”
“The economic and trade disruption caused by the coronavirus outbreak has spread from the APAC region to the rest of the world. The impact on economies, sectors and issuer credit profiles will depend on the severity and duration of the crisis.”
“Pillsbury’s experienced professionals are closely monitoring this global threat, combining capabilities in crisis management, insurance law, cybersecurity, employment law, supply chain, and other areas to provide critical guidance to clients in an urgent and quickly evolving situation. We have built a library of information and resources.” (+Newsletter)
“The COVID-19 pandemic – and the global response to it – is a serious threat not only to global health, but to our communities, our economies and our investments. As long-term stewards of capital, investors can and should act now to help reduce harmful impacts including: the direct effect on public health, the severity of the associated economic slowdown, the deepening of inequality in societies and the resulting impacts of all of the above on mental health.”
“COVID-19 presents significant challenges to people and organizations around the globe and the disruption continues to evolve. PwC [created] a digital assessment to help you understand the potential impact to your business and gauge your readiness to respond.”
“Please visit this site frequently for up-to-date insights on legal considerations in connection to the coronavirus, business continuity best practices, and maintaining the health and safety of your people.” (+Newsletter)
“As the COVID-19 coronavirus continues to spread throughout the globe, myriad legal challenges are likely to arise. We have established a multidisciplinary task force focused on coronavirus-related issues. Our aim is to provide holistic and proactive business guidance.” (+Newsletter)
“The U.S. Chamber of Commerce is pleased to provide the Global Dashboard on COVID-19 Policies to stay informed of the ever-changing regulatory landscape in response to this pandemic. We are updating this tool regularly, and we would like to enlist your support in making it as comprehensive, accurate, and up-to-date as possible.”
“To help track the differences across each state and provide the latest guidance and information to America’s employers, [the US Chamber of Commerce] has launched the following interactive state map and state guides.”
“The United States Conference of Mayors has a long history of working closely with the Centers for Disease Control and Prevention (CDC), the U.S. Department of Health and Human Services (HHS), and multiple Administrations in preparing or responding to past infectious disease outbreaks. Thus, we hope the information on this page below serves as a resource for you, city staff, and agency leadership as you continue to keep your residents and businesses best informed and prepared related to this evolving threat.”
“Data is critical to support countries in managing the global coronavirus (COVID-19) pandemic. This site provides an array of real-time data, statistical indicators, and other types of data that are relevant to the coronavirus pandemic.”