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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A Commercial landlord here. We are of course being flexible with our tenants because, for many of them, it's the right thing to do. But you'd be foolish to think that we are not taking notes on those that are being difficult right now just to take advantage of the situation - we know who you are. Depending on how your lease is structured, we are taking it back in future months or on renewal - with interest. In the end, the customer pays for everything. [/quote]

I'm a commercial landlord also.  Serious question for you: How many tenants do you think will even survive this?  I estimate no more than 50%.  I am starting to think that the commercial/retail landscape of this country will be changed forever in the next six months.  Between most restaurants evaporating, half of other SMBs dying, and things like telemedicine and WFH becoming acceptable, I see a pretty dire future.  Not to mention the system financing problems i.e. unhealthy leverage inherent to commercial real estate.[/quote]

I would say there will be turnover, but the resulting vacancies will be filled. The businesses that were here served real demand. I don't think there will be long-lasting consumer behavior change from a 1-3 month interruption in our lifestyle. People have short memories in the grand scheme of things. The cultural backdrop of American society is one of optimism and adventure. Sorry to say, most small retail storefronts are operating on very low profit to the point that they really can't survive an interruption like this. But replacement businesses will come back.

To hit on some specifics. Telemedicine will be very limited, IMO. Most patient visits are not just a consultation but involve an examination. There is no way to do this effectively and reliably without in-person contact. Teleworking is very difficult to implement for small businesses because they lack the resources to properly manage a remotely working staff. The office environment provides a degree of assured isolation, a sense of formality that serves to improve the efficiency of workers.

As to financing/leveraging, every landlord's situation is different. Hopefully, you don't have too much exposure of the wrong kind and can work with your lenders to smooth out short term ripples. Best of luck. [/quote]

Most of our visits, including physicals, the doctors barely do anything or touch us.  Telemedicine works for me.[/quote]

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