COVID-19’s impact on construction and project management

Despite the ongoing coronavirus outbreak, many regions have kept job sites open by declaring construction an essential business. Even so, a survey of Project Managers throughout North America indicates many initiatives are still experiencing delays. Disruptions to supply chain, labor availability and permitting processes create challenges for ongoing and planned projects alike.

Survey infographic 

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Landlord vs Tenant Expectations

With forecasts of a continued recession, coupled with an active sublease market as companies shed unwanted space,Tenants are expecting that when they go to lease office space, they are going to get a better deal than they would have in February. Yet, Landlords have a sunny outlook on the commercial real estate market, and are offering little in the way of concessions. This begs the question: How can Landlord and Tenant expectations be so different?