14 Big Factors Driving Commercial Real Estate Trends This Year
September 8, 2020 | Forbes Real Estate Council | Forbes
The Covid-19 pandemic has created an unprecedented challenge for the real estate industry. Commercial real estate professionals have had to navigate new obstacles like virtual showings, finding buyers during an economic downturn and perhaps most significantly, the shift away from centralized offices toward full-time remote work.
The current climate and circumstances will continue to impact real estate trends in the months and years to come, and if you’re in the industry, it’s important to be prepared for what’s ahead. To help, we asked 14 members of Forbes Real Estate Council for their insights. Below they’ve identified the biggest factors driving commercial real estate trends this year and beyond.
1. Utility Management For Remote Work
One factor is the ability of some companies to effectively and responsibly manage critical business initiatives while telecommuting. Companies are evaluating the health, safety and necessity of their employees working remotely versus maintaining the continuity of a central office location which may have redundant electrical power, data connectivity and other security measures necessary to maintain sales and operations. – Josh Gopan, Simone Development Companies.
