IMF: This is the impact of COVID-19 on commercial real estate

A woman walks past a closed shop advertising a sale amid the outbreak of the coronavirus disease (COVID-19) in Liverpool, Britain, February 23, 2021.

The containment measures put in place last year in response to the pandemic shuttered businesses and offices. Image: REUTERS/Phil Noble

Andrea Deghi
Financial Sector Expert, IMF
Fabio M. Natalucci
Deputy Director of the Monetary and Capital Markets Department, IMF
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Andrea Deghi, Fabio Natalucci
Sectoral stress
Most regions and sectors have seen a reduction in the volume of transactions. Image: Real Capital Analytics, IMF
Risk Amplifications
Price misalignment amplify downside risks to GDP growth. Image: Haver Analytics; MSCI Real estate; IMF
A new normal
Potential structural shifts in commercial real estate demand could significantly lower the fair value of commercial real estate. Image: Haver Analytics; MSCI Real estate; IMF
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COVID-19Social ProtectionDevelopment Finance
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