COVID-19: Long-Term Implications For Corporate Real Estate
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Executive Summary
This report provides corporate real estate executives with an analysis of how real estate and workplaces will change following the COVID-19 pandemic and economic recession. Despite continuing uncertainty on the pace of economic recovery and the success of virus containment measures, our research finds that COVID-19 ramifications are already accelerating real estate trends such as space rationalization, home working and greater risk-sharing between landlords and tenants. The report also sets out six predictions on trends we anticipate will outlive the crisis to inform corporate real estate executives’ longer-term strategies.
Table of contents
How Will Corporate Real Estate Strategies Change Following COVID-19?Responding To COVID-19 In Real Estate Is A Multi-Dimensional Challenge
COVID-19 Will Accelerate Space Rationalization And Home Working Trends
Social Distancing Mandates Will Reverse The Trend For High Office Density In The Short-Term
The Recession Will Accelerate Space Consolidation Across Offices And Retail Stores
Increased Homeworking Will Drive Firms To Redesign HQs As Collaboration Centres
New Flagship Smart Buildings Will Be Designed To Support Resiliency And Staff Health
Predictions For The Future: Six Trends That Will Outlive The Crisis
Table of figures
Figure 1. Corporate Real Estate Priorities Will Change In The Aftermath Of COVID-19Figure 2. Remote Working Will Become A Permanent Feature of Business Strategies
Figure 3. Employee Health Will Be A New Focal Point For Flagship Smart Buildings
Figure 4. Six Trends That Will Outlive The COVID-19 Crisis
Organisations mentioned
Accenture, Adidas, Alphabet, Apple, Argos, Arup, Ashla Systems, AT&T, Baidu, Barclays, BBC, BNP Paribas Real Estate, Boots, Box, British Council for Offices, Burger King, CallisonRTKL, Canary Wharf Group, Compass, CoreNet, Culdesac, D&D London, Debenhams, Deloitte, Dräger, EverQuote, Facebook, FreeOfficeFinder, German Ministry for Labour and Social Affairs, Goldman Sachs, Google, Government of Australia, Government of South Korea, Government of the UK, Groupon, HACKA Labs, Herrington Carmichael, Honeywell, Hong Kong Airport, IBM, IMF, JP Morgan, Kingfisher, Landsec, Leo Burnett, Mapp Digital, Microsoft, Mitie, Mobify, Monetary Authority of Singapore, Moody’s Analytics, Morgan Stanley, Myer, Nationwide Mutual Insurance Company, Newmark Knight Frank, Next, Ninja Solutions, OpenText, Oppo, Petco Animal Supplies, Primark, PwC, Royal Palm Companies, Salesforce, Savills, Shopify, Siemens, Slack Technologies, SPAR, Spotify, Square, State Government of Texas, Superdrug, TCL, Tencent, Terumo, The Entertainer, Travelodge, Twitter, UBM, USS Security, Vue International, Walmart, WeWork, Yum China, Zillow Group, Zoom Video CommunicationsAbout the authors
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