COVID-19 / Page 10

With over 40 million Americans sheltering-in-place in their apartment homes, updated data from the National Multifamily Housing Council (NMHC) shows that despite COVID-19 and the subsequent economic crisis, most renters are completing their rent obligation. As of April 19th, 89 percent of renters had made a full or partial payment, up five percent from last […]

Considered an essential business by the U.S. government during COVID-19, convenience stores (c-stores) are often the only or closest location for much-needed fuel, food, and grocery items. Looking back to 2019, in-store sales at c-stores increased by 4.4%, according to the National Association of Convenience Stores (NACS). However, in the face of a global pandemic, […]

Beneath the cloud of uncertainty that COVID-19 has presented, some retailers are coming out on top and fortunately are thriving in the current environment. These retailers include discounters and dollar stores. The discount retail market has proven to be resilient in both good times and bad, data from Coresight emphasized that in 2019 from the […]

Click here to download full report COVID-19 has impacted the U.S. economy and has affected millions of Americans. While it’s difficult to determine how many of the 40 million apartment renters have been negatively affected, it’s clear that many will face financial hardships. The data provided by the National Multifamily Housing Council (NMHC), which is […]

Customer shopping habits rapidly shifted during the global crisis, making it difficult for retailers to predict business trends. Drug store visits nationally increased by 28 percent from February 19 to March 27 with the South region leading by a 51 percent increase during that same time, according to Four Square. This could indicate that shoppers […]

Medical office sales topped $11 billion for five years straight, and retention rates trended between 75 and 83 percent for the last 11 years. With nearly 50 million Americans over the age of 65 as of 2016, healthcare services were already in great demand. Now, medical office buildings are faced with new challenges due to […]

With ongoing COVID-19 events affecting millions of Americans, unprecedented circumstances are following. So far, 16 million Americans have filed for unemployment, and 93 percent of the population has been mandated to shelter-in-place, affecting the 40 million renters in the United States. The multifamily industry is playing a large role by seeking federal relief for both […]

In recent years, shopping centers have combatted waned foot traffic and vacancies due to changing consumer shopping habits. Now, shopping centers are being forced to contend with another unwelcomed factor—COVID-19. Although the pandemic has already hit struggling retailers, some shopping centers are doing better than others, especially if they include a grocery store. As we […]

Last week the IRS issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. COVID Relief for taxpayers claiming NOLs Revenue Procedure 2020-24 (PDF) provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for: waiving the carryback period in the case […]