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Multifamily, Office Landlords May See More Distress in 2021

Empty office buildings squeeze city budgets around the country as property values fall

Empty Office Buildings Squeeze City Budgets as Property Values Fall

Office landlords in quandary as COVID rages, employees work from home

Office landlords in quandary as COVID rages, employees work from home
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Vaccination megasites pop up in empty malls

Vaccination megasites pop up in empty malls By Parija Kavilanz, CNN Business Now that Covid-19 vaccination efforts are ramping up, local health officials are on the hunt for locations that can quickly be converted into vaccination clinics, and malls across the country, battered by declines in in-person shopping, are starting to play a role. Mall operators are sitting on plenty of abandoned retail space that might be ideal for the purpose and some landlords hope that opening vaccination sites might bring in badly needed foot traffic. When Dr. Herbert Conaway, the director of Burlington County Health Department in New Jersey, was looking for a location for one of the state s six vaccination megasites, he realized a local, shuttered Lord & Taylor might fit the bill.

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