"Although rents are still rising, the impact of COVID-19 has started to weigh on vacancy rates. Looking ahead, some regions could feel the pain more than most, especially those burdened by a busy pipeline of projects."

"Grade A supply has fallen by 53% since the end of 2019"

"2019 has been a tough period for the global economy with trade tension between US and China and recessions in some countries. "

"Despite COVID-19’s paralysing effect on the broader economy, the Grade A office sector has displayed resiliency thus far. With signs of potential fragility emerging in the lowerquality segment of the market in Q2/2020, however, an inflection point may have been reached. That said, the sound underlying fundamentals should ensure that market weakness is manageable for a while."

"Despite the significant levels of office supply expected this year, any lingering concerns about a glut have been eased with most of it already filled or pre-leased."

"May sees an uptick in the level of requirements, although more are being placed on hold"

"High levels of pent-up underlying demand remain despite slow pace of leasing activity"