"The disruption associated with Covid-19 has challenged the resilience of manufacturing supply chains across the globe and is set to accelerate a trend towards regional supply chains and nearshoring. According to international real estate advisor Savills, the creation of alternative manufacturing locations has the potential to shift trade flows and, in turn, the dynamics of the global industrial and logistics market."

"With the easing of restrictions across the world, occupier demand has been the first to begin to recover, according to Savills Global Market Sentiment Survey. Of those markets surveyed, 30% have seen a rise in occupier demand post lockdown. For those countries no longer in lockdown – two thirds of which were in Asia Pacific – or near the end of lockdown, this figure stood at 34%."

"The coronavirus pandemic is impacting all parts of Europe’s real estate industry, including industrial/logistics. The evidence so far suggests that existing trends in industrial/logistics are accelerating, while new positive factors could give this real estate segment a further boost over the longer term."

"European real estate investment activity is set to plummet by 50% before rebounding sharply within the next 12 months, according to Savills, who predicts that neither the speed or the depth of the crash will be as bad as the global financial crisis, when volumes across the continent plunged by 72% between 2007-2009."

"The share of flexible office space take-up across Europe slowed in the first quarter of 2020 to reach 5% from 9.5% at the end of 2019. The sector has expanded exponentially from 2017-2019, and is reaching maturity, as large providers become less expansionary."

"Just a few weeks ago, the streets of old Prague were full of tourists, with no sign of the emptiness that would soon take hold as businesses and shops were forced to close. What’s the future for short-term rental and other property markets hurt by coronavirus?"

"In its latest global sentiment survey among its researchers around the world of the impact of Covid-19, Savills says that the outlook has improved slightly, with 19% of countries reporting a severe negative impact on their real estate markets due to the pandemic – an improvement compared to 29% in its previous survey conducted on 31st March - and 74% describing a moderate negative impact (opposed to 67% at end of March)."

"In its first of a series of global sentiment surveys, Savills has assessed the initial impact of Covid-19 on transactional and occupier markets around the world, with 67% of countries currently reporting a moderate negative impact, and 29% citing a severely negative impact."

"The Covid-19 pandemic is hitting the global economy hard, with all real estate sectors in the Czech Republic affected to varying degrees. But in the subsequent low interest rate environment, Czech real estate as an asset class should continue to offer superior returns, according to the latest research from Savills."

"While the benefits of renting modern industrial and warehouse space are many, there are some situations where renting an older or refurbished building also makes sense. The decision ultimately comes down to the tenant’s specific requirements, market availability and outcomes they hope to achieve."