In March, landlords are getting more new leasing inquiries, signaling a possible demand recovery in Q2 2020.
Landlords should capture the opportunities in sectors that are expanding including online services, medical, and insurance. We expect a gradual demand recovery in Q2 – Q4 2020.
Due to the possible reduction of revenue and capex, tenants might delay their relocation plans and renew contracts, landlords should take the opportunity to retain tenants.
Tenants with tight capex that are expanding or relocating should consider projects with furnished space or fit-out allowance, as well.
Due to the possible reduction of revenue and capex, tenants might delay their relocation plans and renew contracts, landlords should take the opportunity to retain tenants.
Tenants with tight capex that are expanding or relocating should consider projects with furnished space or fit-out allowance, as well.
