Regional Commercial Real Estate Market Conditions for South US June 2020

Aggressive and Flexible Reopening Strategies Bolster Southern Markets’ Prospects as Local Economies Regain Traction; Recent Uptick in Cases Presents Risk

BEYOND THE GLOBAL HEALTH CRISIS

South positioned for rapid recovery barring a second wave. Most Southern states largely avoided the worst of the health crisis before adopting flexible and early reopening plans that could pay dividends for the local economies. Assuming a recent flare-up of the virus does not force businesses to close again, the aggressive relaxing of lockdown policies has the potential to save a greater number of small businesses relative to much of the nation. Notably, the resumption of a higher percentage of business activity before most loans made through the Payroll Protection Program expires maximizes the popular government program’s effectiveness across many Southern states. As a result, commercial real estate fundamentals in the South could face lower hurdles as the economy recovers

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Regional Commercial Real Estate Market Conditions Report for the Southern United States June 2020

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