Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

 

 

OFFICE Q2 2020

“Any consideration to reduce office space requirements will need to be balanced against the need for safe management protocols in the workplace. Corporate occupiers in Grade A CBD buildings will probably negotiate for rental reductions in the first instance before deciding on reducing footprint in light of social distancing measures at the workplace. But there is now a window of opportunity for some corporate occupiers to consider a Grade A office location given the continuing over supply situation and downwards pressure on rentals”,Nonny Subeno, Executive Director, Commercial.

RETAIL Q2 2020

“Limited retail pipeline supply will help landlords defend retail rents for the rest of the year. Some retail brands might take the opportunity to explore prime retail locations for post-COVID future expansion, but what is clear is that retailers should enhance their omni channel strategies, leveraging technology including virtual sales tools to engage customers, as this continues to accelerate as a major mode of transaction for consumers, particularly the technologically savvy, younger consumers” Lini Djafar, Executive Director, Retail

 

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