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The authors of this paper discuss the potential impact of COVID-19 on commercial property values and the issues that commercial property valuers will be facing. They consider how the drivers of commercial real estate values might be impacted and set out some observations of the market in the current climate including uncertain cashflows and an adverse shift in market liquidity. They also outline how the property valuation profession can handle valuations in the short term and cover the issues for 31 March financial reporting.