Sponsored By
Coronavirus
Resources for financial advisors to talk to their clients and deal with the coronavirus.

Tools & Tactics the CRE Industry is Using to ReopenTools & Tactics the CRE Industry is Using to Reopen

Americans are itching to get back to a sense of normalcy. Here are ways building owners and managers are making that happen safely.

David Bodamer, Executive Editor, Investments

May 26, 2020

17 Slides
social distance promo Colin McPhersonCorbis via Getty Images.jpg

Already have an account?

The number of confirmed COVID-19 cases in the U.S. has surpassed 1.7 million and the death count has reached the grim milestone of 100,000. The disease is not going anywhere anytime soon and there remain fears of a large second wave in the fall. In many states, case counts are still rising today, although in some of the early worst-hit hot spots, like New York City, the situation has massively improved. 

Despite this mixed picture, tolerance for shutdown measures in the U.S. is waning. People want some return to normalcy. Many states are easing "shelter in place" restrictions and allowing many types of businesses to re-open to varying degrees. Some states are throwinig the doors wide open, while others are proceeding with phased plans. The pace of reopening also varies within states. For example, parts of upstate New York have begun to reopen, while New York City itself remains under heavy restrictions.  

Data from a Quinnipiac University poll last week showed varying levels of support nationally for returning to diffrerent activities.

In all, "three-quarters of voters (75 percent) say the country should reopen slowly, even if it makes the economy worse, while 21 percent say the country should reopen quickly, even if it makes the spread of the coronavirus worse," according to Quinnipiac.

Asked what they think is safe to do right now, repondents answered:

  • 74 percent think it's unsafe to get on an airplane, while 23 percent say it's safe;

  • 62 percent think it's unsafe to go to a restaurant, while 37 percent say it's safe;

  • 50 percent think it's unsafe to go to a barbershop or hair salon, while 48 percent say it's safe;

  • 49 percent think it's unsafe to go to a clothing store, while 49 percent say it's safe.

Meanwhile, a majority (55 percent) think it's safe to go to a workplace outside their home, while 39 percent say it's unsafe.

For their part, commercial real estate owners and managers have begun to adopt a number of tools and technologies to allow for a safe reopening. The following gallery provides a look at some of those tactics. 

About the Author

David Bodamer

Executive Editor, Investments

David Bodamer covers investments for WealthManagement.com, including hosting the Wealth Management Invest podcast. Coverage areas include SMAs, ETFs, model portfolios and alternative investing.

He previously covered commercial real estate for more than 20 years for Wealth Management Real Estate, National Real Estate Investor, Retail Traffic, Commercial Property Executive and Shopping Centers Today. He also previously served as editorial director for Waste360.