As we approach the anniversary of the pandemic, we hope that you are staying safe and healthy.
Here is a copy of an email that we sent to our clients last spring as you continue to be in our thoughts and prayers.
Dear Valued Clients and Friends,
In these challenging times, when events we could not have even imagined a couple of weeks ago are happening on a daily basis, it is difficult to fully understand the long-term impact of the COVID-19 pandemic on Commercial Real Estate. My 20+ years of experience has witnessed that, in time, there is no better investment. We will come back (strong) from this crisis.
However, the short-term effects are being felt and they are dramatic. Many activities have come to a grinding halt. The hospitality, retail, restaurant, and travel industries have been particularly hard hit – and may not survive without extensive government help.
But help is in the pipeline and furthermore, the Triangle area is well diversified: we have a very strong economic base, our Universities and research institutions (like biotechnology!) are in great demand, and the quality of life is unmatched bringing in scores of new residents each day.
Due to the uncertainty, overall real estate transactions will slow and not fully rebound until after the virus is contained. But there is good news, we are still receiving inquiries for available property from prospective tenants and buyers everyday.
Amy Bush Commercial is here to help you navigate through these uncertain times. Please reach out to our team with any questions or concerns. It has been a privilege to serve you and look forward to our continued success.