How office leasing market will change post Covid-19?

July 29, 2020

In the light of the events and impacts across the world due to the Covid pandemic, the way of working of businesses is not the same as it used to be. The market for office leasing is evolving rapidly post the Pandemic outbreak. Until 2019, over 80% of office leasing in Asia Pacific was due to new and expansionary demand. In the US, the share of major leasing activity through the first three quarters of 2019 doubled (5%) compared to 2018, as per a report. But in the aftermath of the Covid outbreak, in Q2 2020, global office leasing activity was 59% lower than a year ago while vacancy rates have started to creep up across the regions.

Read more ...

How Retail Leasing Market Will Change Post Covid - 19

July 15, 2020

Retail and hospitality sectors continue to be the most directly hit, reflecting reduced consumer spending and dwindling profits. Before the Covid outbreak, until 2019, there was drop in move-outs by businesses in retail leasing in the US, and landlords were also focusing on adding services and experience to shopping centres. Service retailers for the first time overtook retailers selling products and restaurants, as counts grew by 30.9 percent from 2002 to 2017, as per JLL report. Post Covid outbreak, most tenants are looking for some way to cope with the financial burden and loss of income. In such a scenario, revaluating your leasing agreements is important to control your operating costs. Real estate leases form a major part of your operating costs and involves many risks.

Read more ...
Page 3 of 3