03-30-2020, 02:59 PM
Many brick and mortar retailers are done at this point. So many of them had a lot of debt and declining revenue before this pandemic.
For the SF Bay Area, I would guess most of that commercial real estate will ultimately be zoned for multi-family residential. Getting new residential property will be OK for the region.
In other places in the USA the zoning conversion is not needed, so the spaces will sit vacant for several years. Local types may blame the pandemic, POTUS-45 or POTUS-46, but the truth will be most were close to death for at least the last decade.
The USA 2024 could look really different than USA 2019.
For the SF Bay Area, I would guess most of that commercial real estate will ultimately be zoned for multi-family residential. Getting new residential property will be OK for the region.
In other places in the USA the zoning conversion is not needed, so the spaces will sit vacant for several years. Local types may blame the pandemic, POTUS-45 or POTUS-46, but the truth will be most were close to death for at least the last decade.
The USA 2024 could look really different than USA 2019.