Around 61 percent of respondents have not been offered relief by landlords (Source: CBRE)
HCMCity (VNS/VNA) - Around 61 percent of respondents have not beenoffered relief by landlords, a flash survey of the impacts of COVID-19 done byCBRE has found.
The consultancy said the surveypolled its 180 occupier clients in early April to gauge the industry responseto the COVID-19 outbreak.
The pandemic has caused concernabout the business environment and prospects for many businesses andindustries, it said.
Survey participants said theeconomic impact of the outbreak has weighed heavily on business sentiment, with79 percent expecting the business environment to deteriorate in thesecond half of this year.
Around 43 percent anticipated arevenue contraction of 10-30 percent.
Some 27 percent expectedlandlords to be more accommodative since their businesses have been severelydisrupted.
A broader survey, whichreviewed occupiers’ opinions in the Asia-Pacific region, found that the retailindustry was significantly impacted by the disease, with many stores suspendingexpansion plans.
Such delays in rental decisionare expected to have a lasting impact on the following months.
However, 24 percent in theregion still expected revenue growth in 2020, with the information technologyindustry being the most optimistic.
Thanh Pham, associate directorof CBRE Vietnam, said: “There will be many new trends on business continuityplanning that occupiers will focus on in the coming time. Companies are nowmore aware of the importance of evaluating and developing effective officeuse/allocation strategies.
“The application of technologywill be a leading factor in various industries, including the technologyindustry. More than half of occupiers in finance and banking sector areconsidering splitting up their teams across multiple buildings.” /.
