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Commercial Real Estate & Business News – April 9, 2020

Medical Retail Space Demand Expected to Resume Later This Year
In the age of the coronavirus and until the curve flattens, there will temporarily be less demand for medical retail outpatient settings. Guidance from state and local governments indicating when healthcare workers can resume non-essential, non-emergency services will dictate the pace of short-term…»
Banner Innovation Group leases new space at SkySong
SkySong, The ASU Innovation Center, is now home to a company on the front lines of the fight against the COVID-19 virus. Banner Innovation Group, a department within Banner Health focused on purposeful and disciplined innovation, has leased a new space…»
Could All 30 MLB Teams Really Start Season Playing in Arizona?
Nearly a month has passed since the COVID-19 pandemic brought the sports world to a halt. Every active league postponed or canceled seasons, including Major League Baseball. But MLB is working on a plan to reboot the sport in a move that will be judged bold or foolish…»
Rent Non-payments Shoot Up in April as US families Struggle
The number of households who paid rent during the first five days of April plunged 12 percentage points from the same period in March, according to an apartment industry survey that offers further evidence of the economic toll that coronavirus is taking on US families…»
NMHC Rent Tracker Records 12 Percentage Point Drop in On-Time Payments for April
The National Multifamily Housing Council (NMHC) has introduced a new weekly data metric, the NMHC Rent Payment Tracker, to follow rent payment dates for 13.4 million housing units across the country. This metric arrives as COVID-19, shelter-in-place orders, and record unemployment are expected to make rent…»