ForwardThe post you are about to read is based upon a factual account of a property condition assessment (PCA) recently completed for a commercial real estate property consisting of a multi-tenant industrial office and warehouse building located in a far northwest suburb of Chicago.

And as someone who ran my own business, fitness industry but viewed as a commodity like real estate, I will say if you want to charge more than your competition, you had better have clients singing your praise left and right. 

I only have a couple in the hospitality industry that I'm sure will struggle.I don't think any of my tenants will demand free rent.

@Yoichi Kato Nothing slowing down in industrial/government side here.

If you own or manage a business, what are the biggest challenges your industry is facing?

The short-term rental industry is taking a hit, especially those AirBnB arbitrage folks.

I work in the food industry and was unfortunately laid off due to COVID-19.

With this in mind, I think best case scenario is that our rental market plateaus for the remainder of the year as we re-stabilize which is a huge departure from the 5-6% rent growth previously forecast for our market in 2020.On the positive side, the industry has been forced to depend on virtual leasing which is already yielding surprisingly positive results.

But, I believe urban areas, like Minneapolis/Saint Paul where I am, will see a large temporary loss of STR inventory, and most of that loss will be from the bottom of the barrel, because they aren't profitable enough to justify the risk, but the highest performing STRs will of course stick around, because they're doubling or tripling income from LTR.I also own a duplex in Rochester, MN a few blocks from Mayo Clinic, that I'll be putting half of onto airbnb when it's done (I wish it was ready so I could help some healthcare folks out).I think it's like most industries though, the most robust and efficient businesses will withstand this crisis, while the weaker, unfortunately, might not.Just to predict, I think across the airbnb platform we'll see a temporary (maybe up to a year after the crisis comes to an end) drop of inventory around 10-15%, but I think bookings will drop by less than that amount (after the quarantines stop).

I was able to lease out two properties this past week (with leases starting this weekend) to excellent tenants with stable jobs (food distribution worker/ truck driver, healthcare worker/industrial contractor).