COVID-19 has already impacted the market for leased real estate and companies’ plans for leasing. In fact, 30 percent of 109 respondents to a recent survey conducted by Compliance Week and Visual Lease indicated more than 75 percent of their leased real estate properties were unoccupied due to the coronavirus pandemic and more than 60 percent said they plan to change their approach to leasing business assets.
“We are all living with the impacts of COVID-19, and no one really knows when things will improve,” Visual Lease Founder and CEO Marc Betesh said. “The market response is a lot of vacancies. Leases are in place, but space is not occupied. We are all hoping there will be some semblance of normalcy by this fall.”
