Tyler Discusses Louisville’s Commercial Real Estate Market Amid Covid-19 with Louisville Business First

Tyler shared his thoughts about deal flow, recovery and uncertainty of a second wave amid the Covid-19 pandemic with Louisville Business First. An excerpt from the article is below.

“'As far as deal flow, we're seeing delayed transactions with extended due diligence periods and generally somewhat of a slowdown in new deals versus what we'd expect to see at this point in the year,’ said Tyler Chesser, owner of Louisville’s The Chesser Cos. ‘Sophisticated real estate investors are cautiously approaching new deals with the perspective and expectation that there's a decent probability of lagging indicators of more ‘dust to settle’ here and that there's an expectation of more distress to metastasize across the marketplace.’

He said the recovery could be prolonged by six to 12 months of fallout from mass business closures, rising vacancy and rent delinquency rates, large swaths of unemployment and distress among real estate operators. A recovery in commercial vacancy and delinquency rates could also be prolonged, he said.”

For more, read "Disrupted Deals: Louisville's commercial real estate market feels coronavirus crunch" on Louisville Business First’s website.

Tyler also weighed in on the Covid-19’s impact on commercial real estate back in March.