COVID-19: Long-Term Implications For Corporate Real Estate
12 Jun, 2020
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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.
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
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
Figure 1. Corporate Real Estate Priorities Will Change In The Aftermath Of COVID-19
Figure 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
Figure 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
Kingfisher, Spotify, SPAR, Herrington Carmichael, Accenture, Ninja Solutions, Monetary Authority of Singapore, Goldman Sachs, Moody’s Analytics, Square, Facebook, Adidas, Yum China, Microsoft, HACKA Labs, WeWork, Royal Palm Companies, Leo Burnett, Alphabet, EverQuote, Burger King, Ashla Systems, Government of the UK, Oppo, Slack Technologies, Terumo, Argos, Tencent, German Ministry for Labour and Social Affairs, CoreNet, Government of Australia, Apple, Zoom Video Communications, Petco Animal Supplies, Google, OpenText, FreeOfficeFinder, Government of South Korea, Zillow Group, Compass, Savills, Superdrug, CallisonRTKL, Nationwide Mutual Insurance Company, The Entertainer, Dräger, Shopify, Boots, Twitter, BBC, Vue International, Groupon, IMF, Salesforce, Next, Primark, Hong Kong Airport, TCL, JP Morgan, Baidu, IBM, UBM, Mitie, BNP Paribas Real Estate, D&D London, Landsec, Culdesac, Morgan Stanley, Debenhams, Siemens, Barclays, Canary Wharf Group, Box, State Government of Texas, Arup, Walmart, Mapp Digital, Travelodge, Newmark Knight Frank, Deloitte, Mobify, USS Security, Honeywell, AT&T, PwC, Myer, British Council for Offices
About the Authors
Dayann Charles
Senior Manager, Advisory Services
Dayann is a Senior Manager in the Verdantix Advisory Services practice, with extensive experience leading strategic projects across the Verdantix landscape. He specializes in …
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Susan Clarke
Research Director
Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace managem…
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