Le mie ricette per la real estate communityUBS-AM Real Estate & Private Markets’ latest research paper focuses on the impact of COVID-19 on European Office Markets.
Within a matter of weeks, COVID-19 has caused an unprecedented level of disruption to all asset classes. Office real estate markets are by no means immune to this, but due to the illiquid nature of the asset class it will be several months, if not longer, before the true impact is fully reported through data.
New occupational demand will drop away significantly this year, but will the market recover in 2021? Moreover, while disruption to office occupiers is not as significant as other sectors, a protracted downturn will hurt revenue streams and lead to a spike in defaults. And Serviced office providers are facing very immediate impacts to their cash flows. Will they be able to survive long enough to benefit from any structural shifts longer term?
This paper seeks to use the evidence currently available to help paint the short and longer-term pictures for office occupiers and their landlords.
Source : Company