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Deloitte survey: Commercial real estate players in Romania will look for shorter contractual periods in the future

Commercial real estate players in Romania will be inclined to conclude contracts for shorter periodsthan before the pandemic, as almost 80% of owners, developers and investors in this field consider contractual adjustments and flexibility to be the main attributes that will count for tenants and end-users when the health crisis ends, according to Deloitte Romania Commercial Real Estate Survey 2021. Additionally, the survey highlights that contract terms meant to secure rent payment will make a difference in a post-pandemic scenario, as 64% of the respondents mentioned rent adjustments and incentives as the second most important element for tenants and end users. The study also underlines that “the next normal” will likely translate into a reconfiguration of space volume for the commercial real estate industry, as 71% of respondents believe that this approach will be more frequent in the next period. Additionally, they anticipate a reconfiguration of the rental models, as 64% o

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