There’s a lot of chatter about working from home becoming an indefinite way of working, something I have touched on in a blog previously (The Impact Of Mass Home Working), however as the weeks go by, it’s becoming increasingly clear that no one truly believes offices are dead.
Commercial tenants struggling to pay the rent can breathe a sigh of relief ahead of the June Quarter Day (June 24). They will be spared eviction – for the moment at least.
A recent survey by Dynata* found that only 10% of people planned to visit a non-essential retailer when they re-opened. A third said that they intended to go, but not straight away while another third said they would not return “for some time”.
Industries across the board have been turned upside down due to Covid-19, having to adapt and innovate in unusual circumstances, creating new trends along the way. Short term rentals industry is no different!
On 19th June 2020, the government introduced a new code of practice designed to provide clarity and reassurance to help support landlords and tenants affected by the crisis with the tools to come to a mutually beneficial agreement.
According to Springboard* retail footfall in England increased by 45% last week as the latest round of lockdown easing took effect. However, with the year on year drop an eye watering 54%, prioritising marketing to attract those customers with the propensity to spend is essential.
There has been adaptations on the restrictions from the Government, in regards to the housing market. On 13 May, the Government announced that it will be easing restrictions for the property market.
On 15 June 2020, all non-essential retail, which includes fashion and luxury retail, is permitted to open for business, provided that safety guidelines are followed.
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