Commercial Real Estate Market at a Crossroads: The Impact of COVID-19 and the Implications to Future Cities

نویسندگان

چکیده

This paper aims to examine the responses of commercial real estate markets COVID-19 and implications for post-pandemic cities. Using data Florida’s metropolitan areas in a fixed effect regression model, we find that sales volumes retail properties decline instantly under shock but are followed by strong recovery after one quarter. Meanwhile, depresses growth rate rent office property, impact is short-term, rental market bounces back about 70 percent quarter later. In comparison, industrial witness rise price. Results indicate urban planners may consider adjusting amount lands allocated different usages meet evolving demands space era.

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ژورنال

عنوان ژورنال: Sustainability

سال: 2022

ISSN: ['2071-1050']

DOI: https://doi.org/10.3390/su141912851