The rental market: is there a chance to save money during the crisis? / Delovoy Peterburg
During the period of global isolation, the real estate rental market appeared to be one of the most affected sectors. Retail space and offices are empty, and lessees are trying to negotiate with the owners of premises to reduce rental rates or to have payment holidays granted. Are there any ways to resolve the issue amicably?
Arina Dovzhenko, a Partner and Head of the Real Estate & Construction Practice at Borenius Russia, shared her point of view with business newspaper Delovoy Peterburg on how lessees and lessors are solving the problems that have arisen during the pandemic.