After two years of unprecedented challenges faced by real estate, experts share their predictions for 2022. Here is an extract from an insight article in Property Week by our Leasing Director Christine Grace.
If 2020 was an annus horribilis, 2021 was the year in which we learned what the public really wanted from bricks-and-mortar shopping. We are social creatures and Covid-19 trapped everyone in a world apart from each other. For many, the opportunity to enjoy shopping, connect with others, meet and share provided an immediate lure to return to the shops as soon as we were allowed. For others, there was certainly a focus on rebuilding confidence.
For 2022, the focus must remain on driving performance, further engaging with consumers and being well placed to agree flexible and attractive lease terms as the occupational market continues to recover. For traditional landlords without the active, hands-on management now required, the business structure and resources are not in place and they may find the nimble approach harder to implement in practice.
Article published in Property Week 21st January 2022