As the country reopens and business activity gradually resumes, commercial landlords and tenants are left with much uncertainty about the risk of a “second wave” of COVID-19 or another pandemic. Commercial Real Estate Group of Tucson understands the evolving situation and has produced some recommendations for parties who are dealing with current leases or thinking about entering new ones.
Your commercial space needs may look quite different both in the short term and long term as you and your workforce adjust to the effects of the COVID-19 disruption. Here at Commercial Real Estate Group of Tucson, Michael Coretz shares changes that address two major issues: Where most of your employees will work from now on and health protections they will expect when they do have to come into the office.
One of the lessons that business owners with Tucson lease contracts have learned from the COVID-19 disruption is that the ability to be flexible and responsive are crucial to survive. These apply right now as you assess whether you want to hang on to your current location or find new space to match the new realities of your business operations. Here are some of the opportunities expected to emerge and how you can take advantage.
Once we’re past the COVID-19 crisis, it’s likely that new efficiencies will be discovered and new infrastructure might already have been installed to run operations better. Michael Coretz, real estate advisor for Commercial Real Estate Group of Tucson, shares some of the ways that he believes Tucson commercial space will be used differently.
Now is the time to talk with your landlord and your commercial real estate tenant rep if the financial hit because of COVID-19 jeopardizes your commercial lease. Remember, your landlord doesn’t want to lose you either over the novel coronavirus disruption. There will be great costs to maintain an unproductive commercial space and additional costs to then find a new tenant once the crisis is over.