Commercial Lease Default Rates Expected to Rise as COVID-19 Continues to Impact Businesses – April 1st, 2020 Update

By Alan Sorem, Real Estate & Land Use Attorney The recent quarantine orders have had significant impacts on individuals, businesses, and the economy. Commercial lease default rates will spike as retail and office users are forced to close or dramatically change their businesses. Effective April 1, 2020, Oregon Governor’s Executive Order 20-13 ordered a moratorium