• This quarter was affected by the coronavirus epidemic, which significantly slowed down business activity in the economy and in the commercial real estate market.
  • Real estate market activity has slowed down as a result of large sectors of the economy closing.
  • The state of employment in the economy will determine the future of the office market.
  • Significant damage to retail space. Considerable decline of activity in shopping malls and in city center shopping areas.
  • In the course of the second quarter, the rate of return on commercial assets increased by 25 basis points. Few transactions have been conducted between cash-strapped entities.