Savills USA | COVID-19 Resource Center - test page
Savills

COVID-19
RESOURCE CENTER


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To our clients.

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Mitchell S. Steir
Chairman and CEO, Savills North America  

Research & Thought Leadership

World-class insight into trends and predictions across commercial markets.

Webinars

The latest news, views, guides and top tips from our renowned industry experts.

News

Up-to-date developments and news from the US commercial real estate industry.

News

WALL STREET JOURNAL | 14 APRIL 2020

Co-Working Envisioned the Office of Tomorrow. Suddenly It Feels Like the Office of Yesterday.

Even after the economic shutdown ends, will demand for densely packed, collaborative offices come back?

NEW YORK TIMES | 7 APRIL 2020

What Will Tomorrow’s Workplace Bring? More Elbow Room, for Starters

The pandemic may result in fundamental changes, altering how office buildings are designed. In the short term, expect more hand sanitizer and less “hot-desking.”

Bloomberg | 6 May 2020

NYC Office Leasing at Lowest Since 2009 With More Pain to Come

New leases in the city, the epicenter of the outbreak in the U.S., sank to the lowest first-quarter level since 2009, according to Newmark Knight Frank. The collapse came in March, when businesses shut down to stem the spread of the virus.

CHEDDAR | 4 MAY 2020

Savills Report: Safe Commuting Comes Down to Reducing the Number of People on Subways

Before the coronavirus pandemic, 76% percent of the 2.6 million workers in Manhattan relied on mass transit. What needs to be done to make people feel safe riding the subway again? Kevin Kelly, Senior Managing Director at Savills, joins Cheddar to discuss.

REUTERS | 3 MAY 2020

RPT-Virus-wary New Yorkers face back-to-work commuting nightmare

NEW YORK, May 3 (Reuters) - Only one in five commuters in mass transit-dependent New York City will be able to reach their office under the six-foot social distancing protocol due to the coronavirus pandemic, according to commercial real estate broker Savills Plc.

BLOOMBERG | 24 APRIL 2020

Google’s Real Estate Pause Shows Cracks in Tech Office Demand

A plan to buy a Silicon Valley campus. An office lease on San Francisco’s waterfront. Space at a building in the heart of Seattle’s tech hub. Google has walked away from those deals in recent weeks, as the company slows its hiring and reckons with the coronavirus.

BLOOMBERG BUSINESSWEEK | 24 MARCH 2020

The World Needs Warehouses Now, and Blackstone’s Got Them

Before the coronavirus crisis, private equity made a big bet on logistics facilities.

CRAIN’S NEW YORK | 5 MAY 2020

How Business Will Navigate the Post-pandemic World

Insights on changes that we can anticipate in company protocol after COVID-19.

ABC7 Chicago (WLS-TV) | 2 May 2020

Here's what office life might look like after the COVID-19 pandemic

Joe Learner, the vice chairman and Midwest lead of Savills, joined ABC 7 Chicago remotely Saturday morning to talk about the future of commercial real estate and workplaces post-pandemic.

FOX32 Chicago (WFLD-TV) | 30 April 2020

The future of commercial real estate in wake of COVID-19

Joe Learner, vice chairman and midwest region lead at Savills, joins us to talk about how commercial real estate will likely evolve in years ahead in lieu of the coronavirus outbreak.

THE COMMERCIAL OBSERVER | 5 MAY 2020

New York Faces Specter of Banks Bailing on Space

Should financial services start giving back more space, its effects might not be as profound as some observers might think.

THE REAL DEAL | 28 APRIL 2020

Real estate activity in suburbs catches second wind in Covid era

Projects that could transform chunks of the tri-state get new lease on life due to density concerns.

THE COMMERCIAL OBSERVER | 14 MAY 2020

Class A Meet Plan B: How the Coronavirus Could Impact NYC’s Newly Built Office Space

The outlook for new office space just got a whole lot more complicated.

BISNOW | 17 APRIL 2020

CREBA Honors Top D.C. Brokers With Virtual Award Reveals

The coronavirus prevented the D.C. real estate industry from coming together for the annual CREBA Awards ceremony, but it did not stop the organization from honoring the top brokers, deals and firms in the industry.

BISNOW | 3 APRIL 2020

D.C.'s Office Market Struggled In Q1, And It's Going To Get Worse

Before the coronavirus crisis began, the D.C. office market was already struggling with high vacancy and stagnant demand, and the freeze in economic activity is only going to make matters worse.

THE COMMERCIAL OBSERVER | 27 APRIL 2020

Q&A: Savills’ Devon Munos Discusses Impact of COVID-19 on Northern Virginia Leasing

A new report by Savills reveals that COVID-19 uncertainty will test the Northern Virginia market fundamentals going forward.

HOUSTON CHRONICLE | 17 APRIL 2020

Real estate transactions: D.R. Horton buys lots in Hockley community

Houston Classical Charter School leased a 14,500-square-foot facility at 6403 Addicks Clodine Road along the Westpark Tollway, just west of Texas 6, for a charter school slated to open in August. Kimberly Lenardson and Hannah Tosch of Colliers International represented the owner, New Life Baptist Church of Houston. Lesa Nickelson French of Savills represented the tenant.

GLOBEST.COM | 15 MAY 2020

Downturn Will Be Tough for Phoenix

But, the market will perform better than it did during the last recession because of a more thoughtful approach to development this cycle.

HOUSTON CHRONICLE | 15 MAY 2020

Axiom Space inks headquarters lease near NASA

Axiom Space signed a full floor lease in the Hercules II building in the Clear Lake area for relocation of its headquarters in August.

CHARLOTTE BUSINESS JOURNAL | 15 MAY 2020

A Boomtown On Hold

The Covid-19 pandemic has changed the equation for Charlotte’s office sector, and there’s no clear sign of where the market goes from here.

ORANGE COUNTY BUSINESS JOURNAL | 11 MAY 2020

OC’s Office Market Swings in Tenants’ Favor

Still a 'flight to quality,' brokerage Savills says.

SAN FERNANDO VALLEY BUSINESS JOURNAL | 27 APRIL 2020

Extended Pause for Leasing and Coworking

Real estate firms predict economic disruption in valley office markets.

WASHINGTON BUSINESS JOURNAL | 27 MARCH 2020

Viewpoint: Real estate must adapt in crisis

It is impossible to know the full impact of the COVID-19 pandemic, but we expect people and organizations to fundamentally alter their relationship with the workplace, which will have lasting effects on the real estate industry. However, people will return to work, businesses will reopen, children will go back to school and we will interact with our physical workspace in a different way.