Featured Papers and Interviews with Industry Thought Leaders
The coronavirus pandemic of 2020/21 may have fundamentally altered the relationship between workers and their office environments. For the first time in recorded history, a devastating virus forced countries across the globe to mandate lockdowns. Entire working populations had to remain at home, and in many cases businesses that were formerly bustling had their doors shuttered as corporate activity seemingly ground to a halt.
But in reality, life went on, and business activity came nowhere close to stopping altogether. Corporate tasks simply migrated online wherever possible. Individuals adapted too, learning how to thrive while working from home, utilising Zoom, Microsoft Teams, Skype, GoToMeeting or other platforms to conduct business remotely that would otherwise have been done face-to-face.
Now, more than one year since the outbreak, several questions remain for the real estate market. Will the rise of the home office materially affect the demand for corporate office space? Will retail shops ever regain the pre-pandemic footfall? Will they increasingly require a permanent online presence in order to survive? Will the travel industry (and hotel occupancy rates) completely recover once we reach either herd immunity or sufficient vaccination levels?
This Special Report discusses the multitude of ways the pandemic has affected the real estate market and what the outlook is for the asset class going forward. The report also highlights sustainability issues that have been brought to light over the past year, and other trends that are set to impact the real estate industry for many years to come.