Unlike past economic challenges, COVID-19 is having an immediate, widespread impact on the CRE industry across the globe. View in article, Nareit, "FTSE Nareit U.S. Real Estate Index," accessed April 16, 2020. Get advice on the issues and challenges you face as you lead with resilience. Explore business recovery from COVID-19 ... they believe their employer is capable. This page brings together Global Deloitte insights to help businesses manage and mitigate the risk. Further, the federal government passed the CARES Act to boost cash flows and liquidity. It all starts with resilient leaders like you, who quickly connect today’s resources—individuals, organizations, institutions, and society—to meet tomorrow’s challenges. Conducted online Sept. 9-15, it provides key insights into how COVID-19 is impacting the holiday season. Let us help you meet today’s challenges and connect with tomorrow’s opportunities. While the COVID-19 pandemic has shifted government focus temporarily, these trends … Copy a customized link that shows your highlighted text. Subscribe to access expert insight on business technology - in an ad-free environment. © 2020. This year’s report, “2020 Deloitte Holiday Retail Survey: Reimagining Traditions,” surveyed 4,012 consumers nationwide. This page compiles insights on key topics that can help you act in this ongoing crisis with empathy and action. Five fundamental qualities distinguish resilient leaders who navigate their companies through the COVID-19 crisis, blunting its impact and helping their organizations emerge stronger. Deloitte: In Wake of COVID-19, 61% of Executives Now Focused on Transforming Work, Double Pre-Pandemic Levels ... the importance of real-time workforce insights and data as … For more detailed insights on regulations and potential benefits, please refer to Deloitte’s recent report, COVID-19 stimulus: A taxpayer guide. to receive more business insights, analysis, and perspectives from Deloitte Insights, Telecommunications, Media & Entertainment, The heart of resilient leadership: Responding to COVID-19, The world remade by COVID-19: Planning scenarios for resilient leaders, Stay of execution: COVID-19 has hotel CMBS backed into a corner, Manhattan office leasing just had its worst quarter since 2013, COVID-19 is (probably) pushing down the value of commercial property, Commercial real estate could be in trouble, even after COVID-19 is over, How COVID-19 is affecting construction and renovations, Podcast: US construction bears impact of pandemic, More Americans express concern about losing their job, latest HPSI results show, Covid-19 impact: Private equity slows down, zooms in on portfolio companies. Deloitte COVID-19 webcast series **New video released on 14 July 2020** The Coronavirus Disease 2019 (COVID-19) pandemic is affecting economic and financial markets, and virtually all industries are facing challenges associated with the economic conditions resulting from efforts to address it. View in article, PR Newswire, “Simon Property Group announces amended and extended $6.0 billion revolving credit facility and term loan,” March 16, 2020. The Coronavirus Disease 2019 (COVID-19) pandemic is affecting economic and financial markets, and virtually all industries are facing challenges associated with the economic conditions resulting from efforts to address it. View in article, Pavan Lall, “Covid-19 impact: Private equity slows down, zooms in on portfolio companies,” Business Standard, March 30, 2020. View in article, Mark Johanson, “Today’s hotel is tomorrow’s coronavirus hospital,” CNN, March 26, 2020. Email a customized link that shows your highlighted text. The human and business impact of the COVID-19 pandemic continues to unfold globally. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Find additional COVID-19 guidance and insights on Deloitte’s Combating COVID-19 with resilience site. All rights reserved. Broadly, the immediate leasing risk is softened for REITs because they have long-term lease contracts. View in article, PlaceTech, “Virus signals ‘watershed moment’ for property technology,” March 18, 2020. View in article, Deloitte, Global cyber COVID-19 weekly executive cyber briefing, April 22, 2020. View in article, Erika Morphy, “Everything is on the table as tenants and landlords talk about rent relief,” GlobeSt.com, April 3, 2020. Emerging from the initial shock of the COVID-19 pandemic, the FP&A function needs to increase the speed and flexibility of its methods and processes with fresh approaches to critical technologies and initiatives to supply the business with valuable insights and forecasts. View in article, Dan Kubacki, “How COVID-19 is affecting construction and renovations,” Hotel News Now, April 10, 2020. But the expansiveness, depth, and unprecedented reach of this pandemic has started impacting the CRE industry much sooner. As a result of the COVID-19 pandemic, an estimated 2.7 billion people, or more than four out of five workers in the global workforce, have been affected by lockdowns and stay-at … Jim has extensive experience in initial public offerings, private placements, and SEC filings, as well as advising clients in all aspects of mergers, acquisitions, divestitures, and due diligence activities. Professional services firm also predicts democratisation of video analytics technology. Prior to the COVID-19 pandemic, the Deloitte Center for Government Insights identified a set of nine trends that are shaping governments today. The COVID-19 situation is complex and fast-moving, resulting in an extremely challenging environment to navigate. FASB Response to COVID-19 Web site. DTTL and each of its member firms are legally separate and independent entities. Social login not available on Microsoft Edge browser at this time. The Deloitte Center for Financial Services, which supports the organization’s US Financial Services practice, provides insight and research to assist senior-level decision makers within banks, capital markets firms, investment managers, insurance carriers, and real estate organizations. Conducted online Sept. 9-15, it provides key insights into how COVID-19 is impacting the holiday season. Find additional COVID-19 guidance and insights on Deloitte’s Combating COVID-19 with resilience site. 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