Preparing for the “next normal”. Ready to thrive?

Over the past few months, the global pandemic COVID 19 affected all areas of life and economy and the real estate sector was not an exception.

How is this situation influencing the Romanian commercial real estate market and what changes do you expect the future to bring? We are doing our very best to understand the challenges, the threats but also the opportunities that may arise from this crisis and help you be prepared for the “next normal”. That is the reason why we are conducting this survey, and we invite you to join us in identifying the major trends in the real estate industry, commercial area, namely shopping spaces, office spaces and logistics, regarding:

  • future emerging services or business models
  • evolution of prices
  • solutions valued by tenants post – crisis, or
  • appetite for financing new developments
 
 Leasing volume
 New investments
 Liquidity management
 Asset portfolio
 
 Digital solutions
 Rent adjustments and / incentives
 Flexible contractual arrangements
 
 New investments’ postponement, cancellation or slowdown
 Higher operational costs due to enhanced focus on cleaning, sanitation and security
 Rise of digital commerce and preference for remote work
 Decrease of space used
 Unpredictable legislative regime
 
 "PropTechs” - startups offering technologically innovative products or new business models
 Virtual reality solutions – video tours
 Reconfiguration and re-design of spaces for adapting to the tenants’ new requirements or consumers’ behaviors
 New leasing models (e.g., barter agreements)
 
 Technology
 Resilience to change
 Short and medium liquidities
 Government collaboration
 
 Increase, for all commercial properties
 Decrease, for all commercial properties
 Increase or decrease, depending on type of commercial property
 
 Increase, for all commercial properties
 Decrease, for all commercial properties
 Increase or decrease, depending on each type of commercial property
 
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