If you’re sick of reading articles about the pandemic’s impact on real estate, imagine how sick I am of writing them. There are only so many synonyms for “pandemic.” But the truth is that we’re all living in a reality that’s been irreversibly altered by Covid-19, and the commercial real estate market is no exception.Since the beginning of the global crisis, the perceived fate of commercial real estate (and office real estate in particular) has ranged from grim to hopeless, depending on who you asked. However, new circumstances provide a less alarmist outlook, and it appears that the sky isn’t falling after all. Essentially, reports of office real estate’s death were greatly exaggerated.
On April 4, Google began requiring its employees to work from their physical offices again (starting with three days a week) for the first time since March of 2020...
...moreRSK: Did you ever see those videos of schools of fish moving as one in the ocean? Well, that is how an office culture can work. Being separate does not help the whole....yet you need to be a separate fish in the school, or office, to make it work. People need face to face collaboration...
Ken Notes: Every company will have to evaluate what works for them. Offices, like retail and dining will need to become more user friendly and enticing.
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- - Volume: 10 - WEEK: 26 Date: 6/21/2022 9:17:31 AM -