BDBB Real Estate Edition Key Findings Written Report - Final - Page 2

Barnes Dennig Business Barometer Key Findings Real Estate Edition

Introduction

The global pandemic has impacted virtually every industry and every aspect of our lives – and perhaps one of the greatest impacts is the massive shift to remote working . To better understand COVID-19 ’ s impact on our region ’ s real estate industry , we surveyed real estate companies across a range of sectors and topics .
We asked about tenant rent deferral strategies and the impact of widespread remote working to future plans for buying or selling properties . Here are the results – including some creative ways companies are bolstering their business operations , working with tenants , and charting a successful course for 2021 and beyond .

Methodology

42 real estate companies in Ohio , Kentucky , and Indiana completed our survey , including commercial and residential real estate companies ( with some respondents indicating they ’ re involved in both ), real estate developers , and real estate investors as well as construction and engineering company respondents .
They answered 15 key questions about rent and mortgage payment deferrals , new business strategies and tactics , PPP loans and other relief programs , and the likelihood of buying or selling properties compared to the pre-COVID period . The survey was conducted in Q1 of 2021 .
Commercial Real Estate
40.5 %
Residential Real Estate
7.1 %
Both Commercial & Residential Real Estate
16.7 %
Real Estate Developer
23.8 %
Real Estate Investor
21.4 %
Other ( Construction , Engineering )
31 %
Note : Percentage breakout will not total 100 % as respondents were asked to select all categories that apply .