In these ever changing times, a retail landlord may find that they are stuck with an empty retail space. Recent retail trends, and the impact of closures due to Covid-19 have made it difficult for brick and mortar businesses to stay profitable.

However, there are many retailers who have found ways to adapt to this new environment. Although long-term creditworthy tenants are necessary– short-term tenants are also a good option, particularly in well-located areas.

Have you wondered what the long-term effect of coronavirus on the office leasing market will be? Will the office space persist as it is?

Here are the major trends in the office leasing market.

Mandatory stay-at-home orders have permanently shuttered businesses across Los Angeles. Some restaurateurs who have been waiting to start the next hot spot are seeing the opportunity and are doubling-down amid the health crisis.

According to a Yelp study, Los Angeles had nearly 6,000 businesses close since the stay-at-home mandate from March to July. Businesses have had to dig deep to find creative ways to stay afloat amid the COVID 19 pandemic. Some restaurateurs are seeing the opportunity and have jumped in from the sidelines to open their restaurant. Food bloggers like Kat Hong of The Infatuation sites several new restaurants in the Los Angeles area that look to have some great potential.

There is one topic that's been impossible to ignore for chain restaurant executives in recent months - ghost kitchens, cloud kitchens, or virtual kitchens.

Together with almost every other sector of the economy, commercial property has been disrupted by Coronavirus and social distancing. For many years, the main declining CRE sector has been retail. However, this sector is no longer suffering alone, since the pandemic is hurting most other CRE sectors: hospitality, office, multi-family, personal services, restaurant, entertainment, and construction.