Resources to help navigate implications for global real estate markets
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Company Communication
COVID-19 Perspectives
A Message From our CEO
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Supporting the Cause: Click to Support the Organizations on the Front Lines of the Coronavirus Fight.
Supporting the Cause: Click to Support the Organizations on the Front Lines of the Coronavirus Fight.
Archives
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Support the Organizations on the Front Lines of the Coronavirus Fight
Company Communication
Read
The Economic Recovery and Outlook for U.S. Capital Markets
research spotlight | jul. 2020
Read
Global Healthcare Services: Healthcare Provider Post-COVID-19 Strategies
insight | jul. 2020
Read
The Impact of Health and Wellness on Office and Multifamily Design...
research spotlight | jul. 2020
Watch
Newmark: Global Capital Markets Webinar
insight | jul. 2020
Read
COVID-19: Spain What We Know, What We Expect, What We Question
International desk | jul. 2020
Read
Transportation, Office Assets, and COVID-19: Property Management Survey Results
research spotlight | jul. 2020
Read
India Warehousing Market Report 2020
International desk | aug. 2020
Read
Five Trends in Incentives During the COVID-19 Pandemic
insight | aug. 2020
Read
COVID-19 Pandemic Drives the Need for More Cold Storage Space
research spotlight | aug. 2020
Read
Asia-Pacific Bulletin Battling the Waves
International desk | sep. 2020
Read
COVID-19: UK What We Know, What We Expect, What We Question
International desk | sep. 2020
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Resources to help navigate implications for global real estate markets
Archives
Supporting the Cause: Click to Support the Organizations on the Front Lines of the Coronavirus Fight.
Supporting the Cause: Click to Support the Organizations on the Front Lines of the Coronavirus Fight.
COVID-19 Perspectives
Read
An Office Market in Transition? The Urban vs. Suburban Debate
research spotlight | sep. 2020
Read
The Pandemic and the Manhattan Office Market: Impact and Projections
research spotlight | sep. 2020
Read
Capital Sources Continue to Target Multifamily Product
research spotlight | oct. 2020
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Insight
At a time when things feel unpredictable, know that we at Newmark are here to serve as a source of stability and reliability, both from a business perspective and a personal one. Our company’s continuity plan is strategically designed to ensure that our service continues uninterrupted, both from the office and remotely. We’re grateful to have the technology and methodology to stay seamlessly connected to our clients and one another. We’re here not only to provide the same level of support as always, but also to advise our clients during these uncertain times and help them revise their strategies to meet the moment. No matter what happens, our team is committed to navigating the current challenges together. Now is when relationships really matter—let’s take care of each other and our people.
I hope this note finds you healthy and safe. We are clearly living through an unprecedented moment in time, and the situation is evolving rapidly. I want to assure you that we are taking every precaution to protect the well-being of our community, consistently anticipating change and adapting accordingly.
All the best, Barry Gosin Chief Executive Officer Newmark Knight Frank
A Message From Our CEO
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
All the best, Barry Gosin Chief Executive Officer Newmark Knight Frank
At a time when things feel unpredictable, know that we at Newmark are here to serve as a source of stability and reliability, both from a business perspective and a personal one. Our company’s continuity plan is strategically designed to ensure that our service continues uninterrupted, both from the office and remotely. We’re grateful to have the technology and methodology to stay seamlessly connected to our clients and one another.
We’re here not only to provide the same level of support as always, but also to advise our clients during these uncertain times and help them revise their strategies to meet the moment. No matter what happens, our team is committed to navigating the current challenges together. Now is when relationships really matter—let’s take care of each other and our people.
I hope this note finds you healthy and safe. We are clearly living through an unprecedented moment in time, and the situation is evolving rapidly. I want to assure you that we are taking every precaution to protect the well-being of our community, consistently anticipating change and adapting accordingly.
A Message From Our CEO
Insight
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
relief
Direct Relief is a humanitarian aid organization, active in all 50 states and more than 80 countries, with a mission to improve the health and lives of people affected by poverty or emergencies. Direct Relief is coordinating with public health authorities, nonprofit organizations and businesses in the U.S. and globally to provide personal protective equipment and essential medical items to health workers responding to coronavirus (COVID-19). In the U.S., Direct Relief is delivering protective masks – along with exam gloves, isolations gowns, and other protective gear to healthcare organizations across the country. Direct Relief is also staging personal protective equipment with regional response agencies across the world, including in the Caribbean and South America through the Pan American Health Organization.
As the world rallies to combat Coronavirus, we appreciate that our colleagues and clients might be looking for ways to support those on the front lines, as well as those most impacted by the current crises.
Support direct relief
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Feeding America is the nation’s largest domestic hunger-relief organization. Every year, Feeding America helps 1 in 7 Americans. No one should go hungry during the COVID-19 pandemic. With school closures, job disruptions, and health risks, millions of Americans will turn to food banks for much-needed support. They can't do it alone and you can help.
Support feeding america
The Cantor Fitzgerald Relief Fund's mission is to support families impacted by emergencies and natural disasters. CFRF provides direct financial assistance to hundreds of charities around the world, and are proud to help raise awareness to small charities that have the potential to make big impacts. 100% of every dollar raised by the CFRF goes as direct financial aid to those affected by natural disasters and emergencies, direct service charities, and wounded members of our military. In these difficult times CFRF is staying true to their mission – 100% of monies raised will go to elementary schools in disadvantaged communities to provide direct financial aid to families with young children in need.
Support Cantor Fitzgerald Relief Fund
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
The Cantor Fitzgerald Relief Fund's mission is to support families impacted by emergencies and natural disasters. CFRF provides direct financial assistance to hundreds of charities around the world, and are proud to help raise awareness to small charities that have the potential to make big impacts. 100% of every dollar raised by the CFRF goes as direct financial aid to those affected by natural disasters and emergencies, direct service charities, and wounded members of our military. In these difficult times CFRF is staying true to their mission – 100% of monies raised will go to elementary schools in disadvantaged communities to provide direct financial aid to families with young children in need.
Support Cantor Fitzgerald Relief Fund
Feeding America is the nation’s largest domestic hunger-relief organization. Every year, Feeding America helps 1 in 7 Americans. No one should go hungry during the COVID-19 pandemic. With school closures, job disruptions, and health risks, millions of Americans will turn to food banks for much-needed support. They can't do it alone and you can help.
Support feeding america
Direct Relief is a humanitarian aid organization, active in all 50 states and more than 80 countries, with a mission to improve the health and lives of people affected by poverty or emergencies. Direct Relief is coordinating with public health authorities, nonprofit organizations and businesses in the U.S. and globally to provide personal protective equipment and essential medical items to health workers responding to coronavirus (COVID-19). In the U.S., Direct Relief is delivering protective masks – along with exam gloves, isolations gowns, and other protective gear to healthcare organizations across the country. Direct Relief is also staging personal protective equipment with regional response agencies across the world, including in the Caribbean and South America through the Pan American Health Organization.
Support direct relief
As the world rallies to combat Coronavirus, we appreciate that our colleagues and clients might be looking for ways to support those on the front lines, as well as those most impacted by the current crises.
relief
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Archives
Home
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Read
Global Corporate Services: COVID-19 Situation Report Product
insight
June 2020
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
The economies of Asia-Pacific will take a significant hit in 2020, with the IMF's recent Global Economic Outlook predicting a contraction in output across the region for the first time in 60 years. While short-term challenges will undoubtedly be a concern for many occupiers and investors - whether it is a short term lease renewal, disposal of a non-core property or repositioning an asset - planning for a recovery and future oportunities is critical. Should the virus be contained in the second half of the year - and a second wave avoided - the region should see recovery in 2021. While there remains lots of uncertainity, corporate occupiers and investors should be prepared for the opportunities this could bring.
VIEW the Full Report
Asia-Pacific Bulletin Recovery from COVID-19
june 2020
INTERNATIONAL DESK
06.24.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
The economies of Asia-Pacific will take a significant hit in 2020, with the IMF's recent Global Economic Outlook predicting a contraction in output across the region for the first time in 60 years. While short-term challenges will undoubtedly be a concern for many occupiers and investors - whether it is a short term lease renewal, disposal of a non-core property or repositioning an asset - planning for a recovery and future oportunities is critical. Should the virus be contained in the second half of the year - and a second wave avoided - the region should see recovery in 2021. While there remains lots of uncertainity, corporate occupiers and investors should be prepared for the opportunities this could bring.
VIEW the Full Report
Asia-Pacific Bulletin Recovery from COVID-19
june 2020
INTERNATIONAL DESK
06.24.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
This white paper examines several recent policy measures that impact commercial real estate taxes and regulations and explains how stakeholders can navigate this environment of increasing policy challenges.
Relevant U.S. tax policy changes and regulations have an immediate and long-term impact on commercial real estate. Laws aimed at addressing housing affordability and climate change have become more prevalent in recent years, and some of those measures are being altered in response to the disruption caused by COVID-19. This white paper presents a balanced look at several current policy measures that either adversely or beneficially impact the real estate sector, with examples from jurisdictions across the U.S. The report concludes with action steps for commercial real estate owners, investors and tenants in light of these changes.
Findings of this report were covered in the June 24 issue of Real Estate Alert.
download the whitepaper
View the article
Commercial Real Estate Policy Challenges: Navigating an Environment of Increasing Taxes and Regulations
Research
06.26.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
This white paper examines several recent policy measures that impact commercial real estate taxes and regulations and explains how stakeholders can navigate this environment of increasing policy challenges.
Relevant U.S. tax policy changes and regulations have an immediate and long-term impact on commercial real estate. Laws aimed at addressing housing affordability and climate change have become more prevalent in recent years, and some of those measures are being altered in response to the disruption caused by COVID-19. This white paper presents a balanced look at several current policy measures that either adversely or beneficially impact the real estate sector, with examples from jurisdictions across the U.S. The report concludes with action steps for commercial real estate owners, investors and tenants in light of these changes.
Findings of this report were covered in the June 24 issue of Real Estate Alert.
download the whitepaper
View the article
Commercial Real Estate Policy Challenges: Navigating an Environment of Increasing Taxes and Regulations
Research
06.26.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Depending on the initiatives that providers are focusing on to help offset the financial impact, there will be several real estate strategies that can achieve short- and long-term financial benefits. A roadmap of the various initiatives should be outlined to make sure critical dates are met and that the estimated benefit to the healthcare provider can be quantified appropriately. As health systems are expected to see $50B in revenue over the next few months, it will be important to harness available real estate data and analyze the various opportunities available to healthcare providers, as its overall strategy evolves throughout the COVID-19 recovery phase.
This report outlines specific data points that illustrate the impact of the COVID-19 pandemic on independent medical practices and health systems. It also highlights certain initiatives that providers can implement to mitigate the financial losses that are incurring as a result of the COVID-19 pandemic.
Download the Full Report
Global Healthcare Services: Healthcare Provider Post-COVID-19 Strategies
Insight
07.07.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Depending on the initiatives that providers are focusing on to help offset the financial impact, there will be several real estate strategies that can achieve short- and long-term financial benefits. A roadmap of the various initiatives should be outlined to make sure critical dates are met and that the estimated benefit to the healthcare provider can be quantified appropriately. As health systems are expected to see $50B in revenue over the next few months, it will be important to harness available real estate data and analyze the various opportunities available to healthcare providers, as its overall strategy evolves throughout the COVID-19 recovery phase.
This report outlines specific data points that illustrate the impact of the COVID-19 pandemic on independent medical practices and health systems. It also highlights certain initiatives that providers can implement to mitigate the financial losses that are incurring as a result of the COVID-19 pandemic.
Download the Full Report
Global Healthcare Services: Healthcare Provider Post-COVID-19 Strategies
insight
07.07.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
In Europe and all over the world, every business sector is reeling from the effects of the coronavirus (COVID-19) pandemic. At the time of writing, we feel that the past is no longer a reliable guide to the future. Instead of looking back, this report presents our take on the market as it is today. Given the uncertainty surrounding the ongoing impacts of COVID-19 on the real estate market, and the dearth of recent comparables, we aim to sketch an overview of the market situation at this moment in time. However, it is important to emphasise that things could change rapidly as circumstances evolve.
Following months of lockdown in virtually every country in the world, here in Spain the path to recovery is now coming into view. Nonetheless, we must proceed with caution and adhere to the proper safety measures if we are to see a swift return to normality.
VIEW the Full Report
COVID-19: Spain What We Know, What We Expect, What We Question
july 2020
INTERNATIONAL DESK
07.22.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
In Europe and all over the world, every business sector is reeling from the effects of the coronavirus (COVID-19) pandemic. At the time of writing, we feel that the past is no longer a reliable guide to the future. Instead of looking back, this report presents our take on the market as it is today. Given the uncertainty surrounding the ongoing impacts of COVID-19 on the real estate market, and the dearth of recent comparables, we aim to sketch an overview of the market situation at this moment in time. However, it is important to emphasise that things could change rapidly as circumstances evolve.
Following months of lockdown in virtually every country in the world, here in Spain the path to recovery is now coming into view. Nonetheless, we must proceed with caution and adhere to the proper safety measures if we are to see a swift return to normality.
VIEW the Full Report
COVID-19: Spain What We Know, What We Expect, What We Question
july 2020
INTERNATIONAL DESK
07.22.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
INTERNATIONAL DESK
Providing insights and perspectives on India's transforming logistics sector, this new report highlights key trends in several of the countries key warehousing markets.
India Warehousing Market Report
Back
08.05.20
VIEW the Full Report
2020
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
INTERNATIONAL DESK
07.22.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Insight
COVID-19 is impacting economic development budgets across the country and influencing how economic development entities allocate and manage incentive funds. Newmark Knight Frank’s (NKF) Global Corporate Services (GCS) Economic Incentives Advisory (EIA) team is seeing trends emerge around incentives that vary drastically from market to market and state to state. The EIA team helps clients keep, monetize and secure economic development incentives for their projects. We have been actively renegotiating incentive agreements for clients that were impacted by COVID-19 and welcome the opportunity to help your clients as well. Below are five trends the EIA team has encountered recently in the United States. If any of your clients have existing, active incentives agreements or are looking to pursue incentives as a cost mitigation tool, please reach out to us for consultation on your specific circumstance.
Global Corporate Services: Five Trends in Incentives During the Covid-19 Pandemic
Back
08.17.20
1
WORK FROM HOME
In the past, government agencies, including the agencies that award economic incentives, have been reluctant to allow telework positions to qualify for incentives since this was considered an atypical work arrangement. The transition from office building to home office has forced governments and economic developers to rethink this policy and adapt to the new reality of employment during COVID-19 by allowing firms with teleworking employees to qualify for incentives.
The mandatory reporting after an incentives award is granted is another area where government agencies are adapting due to COVID-19. Some states made sweeping changes, and some address compliance concerns on a project-by-project basis. Our team is seeing states relaxing requirements in unique ways for companies that will not meet their job creation or investment commitments in 2020. For example, a local government in Texas permitted an EIA team client to shift the company’s 2020 capital investment requirement into 2021, allowing the client to remain in compliance with their incentives contract. Staying in compliance with their incentives agreement qualified the company for the entire value of their original incentive award instead of receiving none or a lesser value as they would have pre-COVID-19. Under normal circumstances, this type of accommodation is typically not granted, but the EIA team is seeing flexibility and support for clients from local governments. If you have a client that is currently receiving incentives and is concerned they may not meet their contractual agreements, please reach out to the EIA team to take the steps necessary to protect and save the benefits they secured.
INCENTIVES COMPLIANCE
2
The EIA team is seeing programs emerge at both state and local levels that provide free or subsidized training for those unemployed due to COVID-19 as well as opportunities for upskilling, which focuses on learning new skills. One example is Arizona’s “Return Stronger” program, which connects individuals and businesses with training and professional development tools to facilitate a successful return to the workforce. These new programs target the recently unemployed population, and most existing workforce training programs remain in place.
WORKFORCE TRAINING
3
The federal government issued a number of business support programs in the early days of COVID-19, most of which focused on small businesses. Since then, states and local governments began incentivizing specific industries related to pandemic needs, like Personal Protection Equipment (PPE) manufacturing. Distilleries are producing hand sanitizer, a major footwear brand is making medical masks, and a greeting card shop and a toy manufacturing giant are producing face shields. Many states have pivoted to incentivize these activities in creative ways, such as awarding funds to purchase new machinery needed to manufacture PPE.
NEW INCENTIVES PROGRAMS
4
The EIA team expects diversity and inclusion to be an ongoing trend when considering incentives, and COVID-19 has shone a spotlight on the necessity of having a diverse talent pool. Our team currently fields questions on this topic at every step in the incentives timeline - from applications to public approval meetings to back-end compliance reporting. As diversity and inclusion move to the forefront of public discourse, government and policy, the EIA team anticipates this topic to further contribute as a variable related to incentives qualification. Businesses applying for incentives should be prepared to address their policies on this topic with actionable initiatives to recruit and retain a diverse workforce. Connect with the EIA team to help your client prepare for this critical component if considering incentives.
DIVERSITY AND INCLUSION
5
DFoster@ngkf.com
Executive Managing Director Economic Incentives Advisory
Dan Foster
For more information, contact
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
COVID-19 is impacting economic development budgets across the country and influencing how economic development entities allocate and manage incentive funds. Newmark Knight Frank’s (NKF) Global Corporate Services (GCS) Economic Incentives Advisory (EIA) team is seeing trends emerge around incentives that vary drastically from market to market and state to state. The EIA team helps clients keep, monetize and secure economic development incentives for their projects. We have been actively renegotiating incentive agreements for clients that were impacted by COVID-19 and welcome the opportunity to help your clients as well. Below are five trends the EIA team has encountered recently in the United States. If any of your clients have existing, active incentives agreements or are looking to pursue incentives as a cost mitigation tool, please reach out to us for consultation on your specific circumstance.
In the past, government agencies, including the agencies that award economic incentives, have been reluctant to allow telework positions to qualify for incentives since this was considered an atypical work arrangement. The transition from office building to home office has forced governments and economic developers to rethink this policy and adapt to the new reality of employment during COVID-19 by allowing firms with teleworking employees to qualify for incentives.
WORK FROM HOME
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The mandatory reporting after an incentives award is granted is another area where government agencies are adapting due to COVID-19. Some states made sweeping changes, and some address compliance concerns on a project-by-project basis. Our team is seeing states relaxing requirements in unique ways for companies that will not meet their job creation or investment commitments in 2020. For example, a local government in Texas permitted an EIA team client to shift the company’s 2020 capital investment requirement into 2021, allowing the client to remain in compliance with their incentives contract. Staying in compliance with their incentives agreement qualified the company for the entire value of their original incentive award instead of receiving none or a lesser value as they would have pre-COVID-19. Under normal circumstances, this type of accommodation is typically not granted, but the EIA team is seeing flexibility and support for clients from local governments. If you have a client that is currently receiving incentives and is concerned they may not meet their contractual agreements, please reach out to the EIA team to take the steps necessary to protect and save the benefits they secured.
INCENTIVES COMPLIANCE
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The EIA team is seeing programs emerge at both state and local levels that provide free or subsidized training for those unemployed due to COVID-19 as well as opportunities for upskilling, which focuses on learning new skills. One example is Arizona’s “Return Stronger” program, which connects individuals and businesses with training and professional development tools to facilitate a successful return to the workforce. These new programs target the recently unemployed population, and most existing workforce training programs remain in place.
WORKFORCE TRAINING
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The federal government issued a number of business support programs in the early days of COVID-19, most of which focused on small businesses. Since then, states and local governments began incentivizing specific industries related to pandemic needs, like Personal Protection Equipment (PPE) manufacturing. Distilleries are producing hand sanitizer, a major footwear brand is making medical masks, and a greeting card shop and a toy manufacturing giant are producing face shields. Many states have pivoted to incentivize these activities in creative ways, such as awarding funds to purchase new machinery needed to manufacture PPE.
NEW INCENTIVES PROGRAMS
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The EIA team expects diversity and inclusion to be an ongoing trend when considering incentives, and COVID-19 has shone a spotlight on the necessity of having a diverse talent pool. Our team currently fields questions on this topic at every step in the incentives timeline - from applications to public approval meetings to back-end compliance reporting. As diversity and inclusion move to the forefront of public discourse, government and policy, the EIA team anticipates this topic to further contribute as a variable related to incentives qualification. Businesses applying for incentives should be prepared to address their policies on this topic with actionable initiatives to recruit and retain a diverse workforce. Connect with the EIA team to help your client prepare for this critical component if considering incentives.
DIVERSITY AND INCLUSION
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DFoster@ngkf.com
Executive Managing Director Economic Incentives Advisory
Dan Foster
For more information, contact
Global Corporate Services: Five Trends in Incentives During the Covid-19 Pandemic
insight
08.17.20
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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
INTERNATIONAL DESK
Regional recovery slowed by localised second waves. As the region heads into the sixth month since the COVID-19 outbreaks, the majority of Asia-Pacific markets have managed to control virus numbers, with lockdowns easing and local situations generally improving. However, over recent weeks, a number of markets including Hong Kong, the Australian state of Victoria and the Philippines have seen a significant increase in numbers leading to secondary lockdowns. While many parts of the real estate sector were in recovery, these recent waves have injected further caution, not only into these localised markets, but the region more widely.
Asia-Pacific Bulletin Battling the waves
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09.08.20
VIEW the Full Report
AUGUST 2020
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
Regional recovery slowed by localised second waves. As the region heads into the sixth month since the COVID-19 outbreaks, the majority of Asia-Pacific markets have managed to control virus numbers, with lockdowns easing and local situations generally improving. However, over recent weeks, a number of markets including Hong Kong, the Australian state of Victoria and the Philippines have seen a significant increase in numbers leading to secondary lockdowns. While many parts of the real estate sector were in recovery, these recent waves have injected further caution, not only into these localised markets, but the region more widely.
VIEW the Full Report
Asia-Pacific Bulletin Battling the waves
AUGUST 2020
INTERNATIONAL DESK
09.08.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
The influence of the pandemic continues to be felt throughout financial markets, economies, and society in the broadest sense. Optimists can highlight the unwinding of lockdowns, the reopening of trade, and with it a return to a degree of ‘normality’. High-frequency indicators report a sharp rise in economic activity, as people return to work, and some of the worst predictions for output reductions have not come to pass. Pessimists might point to the long road to recovery for GDP levels, the risk of a second wave of infections, and an intangible disruption to previously accepted norms in almost all walks of life. Those charged with making real estate decisions will be familiar with the difficulties of weighing both perspectives. Yet perhaps the most fundamental challenge is that of rising complexity: navigating real estate markets has become more complicated since the onset of the pandemic, and requires a greater depth of analysis than ever.
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COVID-19: UK What We Know, What We Expect, What We Question
SEPTEMBER 2020
INTERNATIONAL DESK
09.10.20
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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
INTERNATIONAL DESK
09.08.20
Back
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
Discussion of Forward-Looking Statements about Newmark
ngkf.com
