Tracking Real-Time Economic Changes and Property Impact
The coronavirus pandemic that is reverberating across the country and the globe has impacted commercial real estate in ways unforeseen from previous “black swan” events. This impact has not been even across sectors or markets or even subsectors within a property type. Fortunately, with today’s technology and analytics we are able assess some of the impact as it is happening rather than waiting in arrears for the data. Using data from Advan that tracks anonymized cell phone movement over time, Eigen10 Advisors examined the change in foot traffic at a sample of different types of retail centers in different markets.
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