- In 2020, commercial real estate transactions are forecasted to drop by over $20 billion from the $500 billion mark in 2019. A real estate transaction is the process of passing the rights in a unit of property from the seller to the buyer in return for an agreed upon sum. This overall volume has remained relatively steady since 2015but in the wake of the pandemic will likely show increased fluctuation.
- Vacancy rates in the U.S. averaged 20% by mid-2020. Brick and mortar stores suffered a particularly heavy hit because of COVID-19. Shopper traffic volume was 97% lower than the previous year leaving many stores and property owners fearful of what’s to come. In its wake the pandemic has created contractual concerns because of paused lease or property payments, and the inability of either to craft an appropriate forecast of where their respective businesses will end up in the coming years.
- The large number of businesses suffering will likely go into default and neither the stores nor the property owners will be prepared to negotiate the losses suffered. As a result, business and property litigation are predicted to rise at a tremendous rate.
What People Are Saying About Etehad Law:
“I recently got into an accident and didn’t know how to deal with my insurance company. A friend referred Simon Etehad to me. He would always responded immediately to my phone calls. He resolved my case very fast and efficient and now I have my car fixed and I’m back to my normal life.”
~ Former Client on Yelp
“I don’t usually post YELP reviews but WOW! Simon Etehad is truly the very best at what he does. I couldn’t have asked for a better attorney on my team. Not only will Simon fight for your right to reclaim as much compensation as possible, but he is a genuine human being and will help you with whatever you need when it comes to any type of personal injury case.”
~ Former Client on Yelp
