economic impact

With no municipal reserve of funds, and revenue from sales tax all but extinguished by the recent pandemic, Nashville’s mayor, John Cooper has recently resorted to a property tax increase.

The effects of COVID-19 on the value of properties vary across the real estate spectrum.

There are many changes on the horizon for industrial property, making the future of industrial real estate in Chicago, and many other large cities in the United States, uncertain.

Cook County Assessor Fritz Kaegi has announced that he plans to apply adjustments to all Cook County parcels to reflect the impact of COVID-19 and the shutdown of much of the area’s economic activity.

In response to a recent tornado and the COVID-19 pandemic, the mayor of Nashville and the Metro council are considering relief measures to offset the financial shortfall expected to hit the city in upcoming months.