The economic crisis makes its adjustments to the market market conditions in the field of real estate rental for offices. This is expressed by the following features:
– reduction of rental demand for commercial real estate by reducing general business activity;
– as a result of the first paragraph – an increase in the offer of lease of office real estate (new, released);
– Increasing the possibilities of tenants in points: reduction of rental costs, changing office premises due to a large selection of rental offers;
– The choice of tenants when choosing a premises, with a bias in the direction of reducing the rental rate when choosing a sufficient premises according to quality characteristics.
The strategies of business centers in a crisis situation is the preservation of tenants, and not the height of rental rates. It is in this direction that the landlord financial management system should be aimed at. He must monitor the change in the market situation and timely regulate the size of rental rates.
The main tasks: to evaluate the compliance of the rental rates of the market conditions, timely change the rental rates. In the future: monitor the consequences of changes in bets, calculate the economic effect of rental, assessment of the efficiency of lease management management.
The decision to reduce the cost of rent is always made reluctantly. Turnkey bar houses can be built at any time of the year, and only then rent. But it is always worth calculating the dependence of income on a decrease in the rental rate or on a decrease in the number of landlords. This decision is the most economically profitable, allowing you to make a profit in crisis time.
A prudent tenant will always calculate losses from moving and costs for advertising a new rental place, or adjust to indexing rental rates at a permanent place of work.
The foregoing approach in the field of commercial real estate management in the era of periodic crises and lifting in the economy is based on a generalized practical experience of activity in this area.