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#121

Absolute caning

Pat Hayes
Pat Hayes
Managing director, BeFirst
Covid19: Do Some Good ● April 3, 2020

For the likes of Grainger to get their development programmes moving, possibly they’ll have to accept lower margins for the short term, to just try to get some activity going.

One of the most significant challenges will be that we’ve got 25% more retail space than we need at the moment, and that’s going to be at least 50% by the autumn because retail failure is going to be colossal. That’s going to hit central London more, but it knocks through to everybody.

Some of the other development models, like workspace sharing, have taken an absolute caning over the last few weeks and they’re going to continue to show th...

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