CBRE has carried out a series of formal interviews and surveys with a selection of leading UK Occupiers, focussing on the key challenges and concerns as a result of the COVID-19 outbreak.
-59% of occupiers stated customer safety as the most important factor when reopening stores
-64% vs 34%, two thirds of F&B occupiers expect revenue to be back to normal within 15 months, while only one third of fashion operators agree
-65% would surrender the ’54 Act for more flexible lease terms
-76% of occupiers will be increasing investment in online capabilities
-63% of occupiers say they will have less demand for new bricks and mortar space
-61% of occupiers have agree rent free periods with landlords