It is 'Mind Boggling' That Landlords Don't Give Concessions: Pierre Debbas

The video discusses the impact of the pandemic on commercial real estate, focusing on market conditions, challenges faced by landlords, and potential solutions like rent concessions. It also explores financial strategies, such as forbearance, and speculates on the future of real estate, including possible adaptations like converting office spaces into apartments.

What is the main factor affecting the return of the workforce to commercial real estate?

• Economic growth

• Government policies

• Vaccine availability

• Technological advancements

How might reduced retail rents benefit small businesses?

• By making retail spaces more affordable

• By reducing their tax obligations

• By increasing competition

• By allowing them to expand internationally

What is one reason landlords might resist offering rent concessions?

• They expect a quick economic recovery

• They are planning to sell their properties

• They have no financial obligations

• They want to maintain high property values

What strategy are some landlords using to adjust rent during the pandemic?

• Basing rent on a percentage of gross receivables

• Offering free utilities

• Providing free parking

• Increasing rent annually

What is a potential future use for vacant office spaces?

• Turning them into shopping malls

• Converting them into apartments

• Using them as storage facilities

• Demolishing them for new construction

Why are companies considering downsizing their real estate holdings?

• To invest in new technologies

• To expand their office spaces

• To reduce liabilities

• To increase their workforce

What is the current status of most commercial mortgages during the pandemic?

• They are being paid off early

• They are in a period of forbearance

• They are being refinanced

• They are being sold to investors