By Walter Torous, Adam Decter and Peter Finch
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Law360 (July 2, 2021, 5:20 PM EDT) —
The COVID-19 pandemic has profoundly impacted our economy, reshaping how many of us go about our daily lives and the ways businesses operate.
In this article, we discuss how the pandemic has affected commercial real estate, or CRE, focusing on sector-level differences and comparing the current trends to the last major episode of CRE distress seen during the 2008 financial crisis.
Commercial Real Estate During and After the Pandemic
The developments in CRE during the pandemic have varied substantially by sector, as shown in the figure below.
Following the onset of the …