Monday, July 13, 2020
Colliers Weekly Market Insight
There has been a lot to process and understand the last few
months as COVID takes a toll. The restaurant and small business are going to be
impacted the worst. Colliers reported that “At least 20% of Sacramento area
restaurants have already permanently closed due to the current pandemic. The
most recent announcement was PF Chang's at 16th & J Street. Many more small
businesses will close as a result of these new business shutdowns and
restrictions.” In addition, “The State
of California has paused new office leasing. And many companies are considering
or are already in the process of downsizing as executives consider implementing
extended or permanent work from home policies. Colliers Sacramento's Q2 2020
Sacramento Office Market Snapshot will be later this week.
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