Of MNCs surveyed, 77% stated that their plans were not affected by the recent pandemic; 19% of the respondents would reevaluate their plans; while only 4% have canceled their expansion or upgrade plans. 

In terms of industries, the life sciences sector was the least affected. No companies in this sector canceled their plans, and 94% of firms indicated that their leasing progress were unaffected, or planned to resume after business returns to normal. Professional services and financial services companies remained resilient. Among these firms, 84% of the professional services firms keep or temporarily suspend their CRE plans and 8% will reevaluate their strategies. In terms of financial service industry, 67% of the respondents’ CRE plans were unaffected. The rest 33% indicated that they would reevaluate their plans, but no cancellations.