On May 6, LightBox hosted its virtual PRISM market keynote, “Thinking Through What Comes Next: COVID-19, the Economy, and What’s Next for U.S. Commercial Real Estate.” Our keynote speaker, Dr. Victor Calanog, chief CRE economist at Moody, shared how today’s pandemic is specifically affecting the commercial real estate industry. He spoke about topics ranging from economic scenarios, property types, geographic markets, commercial real estate, and more. Our audience had many questions, such as:
- What do you see as the long-term impacts on the entrepreneurial attitude for innovations that has long existed in the U.S.? How would these impacts affect the long-term outlook for brick-and-mortar real estate?
- What have you heard about the status of April and May rent payments for landlords and borrowers as that will tell us a lot about the severity of the impact?
- What happens with a rebound? When will things open up for purchasers, finance, foreclosures, and distressed assets up for sale?
- Are malls dead?
- How will COVID-19 affect cap rates?
- What industries would you consider still lending into during COVID vs. which industries would you take more of a wait-and-see before lending?
- Can you comment on the ability of consumers and small businesses to pay rent and how that might, in turn, impact CRE mortgage default rates?
- What’s the key barometer you’re watching MOST closely?
- What do you see as the timeline for starting up transactions again? And how long until distressed assets wind up on the block?
- What’s your best guess on how long it will be before banks open back up for CRE lending?
- What do you see as the forecast for office buildings?
To see Dr. Calanog’s answers, read our blog post on LightBox click here.
To watch the full LightBox PRISM Keynote webinar, click here.
To learn more about our solutions for CRE lending, click here.