At the end of this year, the majority of developers (77%) predict a decline in revenues and (or) profits. According to the most pessimistic estimates – they gave 58% of companies drop annual results may not exceed 10%.
the Main threat in the work of the developers see the decline in consumer confidence (81%). 45% say about the possibility of a prolonged recession, and another 35% noticed a lack of information for decision-making, which is caused by the unpredictability of the crisis. In the case of immediate stabilization of the epidemiological situation, almost half of the respondents will be able to return to normal rhythm of work in less than a month. Another 26% of developers said that for the release from quarantine they will need 3-6 months.
68% of companies do not rule out spending cuts, in particular, by optimizing staff, translation specialists for remote work, reducing wages. Some are more vigorously and is considering a complete revision of the financial plans of the company.
In the most advantageous situation, despite the transfer of many employees to a remote work mode, turned out to be developers of business centers. “In the short term there is a possibility of failure on the part of the leased premises. The demand for jobs in business centers still remain, but are more in demand than previously, can become flexible offices, operators which are ready to offer various schemes and conditions of placement of employees: one day rental of the required number of jobs to a contract for a longer period,” – noted in the survey results.
however, more than a third of developers of office, retail and warehouse real estate is already ready to meet the tenants and reduce rental rates. Some of them said that they will be able to reduce the rent up to 2-3 sizes monthly rate.
