There has been a great focus on gathering data to
pinpoint the effects of the pandemic on people’s way of
life, business operations and working capabilities. We
have observed, empirically, the magnitude of pandemic
effects on income and wealth on a macro level as seen in
the trajectory of economic growth levels, inflation,
unemployment and even currency scarcity – the latter
particularly applicable to Nigeria.
From a property occupation perspective, we argue that
the office market has endured a ‘great space crunch’, as
tenants looked towards optimizing space requirements
and managing costs even as the global and domestic
economies of the world grappled with challenging
business and economic realities. In Nigeria, the National
Bureau of Statistics in association with the World Bank,
launched a periodic Covid-19 Impact Monitoring Report
at the height of the pandemic, to track the impact of the
pandemic on household living standards and expenditure
patterns. However, the magnitude of Covid-19’s impact
on these patterns was not necessarily captured. The
business tracker survey compiled by Ghana Statistical
Services in collaboration with the United Nations
Development Programme (UNDP) and the World Bank,
provided critical information on the effects of the
pandemic on businesses to help inform policy decisions.
Although we find anecdotal and empirical evidence to
highlight the impact of the pandemic on office tenants
and consumers, there is yet to be any systematic study to
not only highlight the pandemics effects but also deduce
the magnitude of these effects to a certain degree.
Assessing Tenant and Consumer Preferences : Post Covid in Ghana and Nigeria
Share this report
Subscribe to our newsletter
Summary
Source: Broll Property Services Limited
Published: 2021
0