Before the pandemic ever hit, consumers were already beginning to change the way they shop, shifting from in-store purchases to e-commerce shopping. Once the pandemic struck, many retailers were forced to close their doors and had no revenue coming in from their brick-and-mortar stores.
Although we’re nine months into the year, there’s still a state of uncertainty for many retail tenants and owners. Not only does this impact their businesses overall, but also the value of the property itself. Find out what you should start keeping track of now to help you plan your property tax appeal.
Still have questions that need answers? Get in contact with one of our specialists for more information.
Previously in the series:
Hotels and COVID: Lower Occupancy, Higher Operational Expenses
The Pandemic's Longterm Impact on our Office Buildings
How Do We Get a Fair Market Value Assessment in 2021?