JLL Nordic Outlook autumn 2020
First half of 2020 is characterised by very high volatility, induced by the COVID-19 global pandemic outbreak. Now we see clear signs of improving activity again.
The investment market noticeably improved towards the end of H1 2020 – and further strengthened in August and September. We see clear evidence of solid demand for low-risk assets relating to the residential sector, community service properties and prime logistic properties. Retail tenants that were already under pressure before COVID-19 to continue to lose market shares to e-commerce players, a trend that’s been accelerated by lower footfall and higher e-commerce sales. However it’s not affecting all retailers in the same way. Grocery retail demand have been strong as people is eating out less in restaurants and convenience DIY and discount segments saw an uptick in volumes.