OPPORTUNITIES FOR TENANTS IN LIGHT OF WEAKER DEMAND FOLLOWING COVID-19
Dear Valued Client，
The effects of the virus outbreak have yet to be fully-reflected in the market. We expect overall rents to edge downward in response to rising vacancy rates in Q2 and the net absorption will pick up in H2 2020, assuming that the COVID-19 will be under control by H1. We recommend landlords provide more flexibility on lease terms to attract and retain tenants.