From warehouses to office space, real-estate markets are being turned upside down.
Excerpt from Business Insiders
The way we occupy space and our relationship with places like stores and offices is transforming.
Katie Warren/Business Insider
Offices, hotels, and malls were emptied by the coronavirus. While some are reopening, the disruption has created a new normal.
Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice.
A surge in e-commerce, meanwhile, is fuelling demand for warehouse space from companies like Amazon.
The coronavirus threw the real-estate world into disarray, as people empty out of offices, hotels, and malls and work from their homes. The spread of the virus and the economic disruptions that followed are transforming how people and companies finance, operate, and occupy real estate.
Big firms are rethinking office needs - and some commercial real-estate deals are being put on ice. A surge in e-commerce, meanwhile, is fuelling demand for warehouse space at companies look for new ways to reach customers.
We've also been tracking a slew of layoffs in the venture-backed real estate world, as empty short-term rentals and co-working spaces have hit once-buzzy industries hard.
Here's the latest news on how commercial and residential real estate is being upended, and how experts think these markets will play out in the long run.
Here's an interesting excerpt summarising the future of real estate:
Offices
Companies need to add contactless-entry tech to safely reopen offices.
The office as we knew it is dead. Mandatory temperature-taking is largely seen as a critical way to return workers to offices.
Residential & Commercial
A smart home startup that raised $41 million from Amazon and Bain just launched an app that lets landlords and residents give remote access for deliveries, guests, and self-guided tours.
The future of real estate could be virtual open houses on Facebook.
Virtual tours are being hyped as a way for commercial real estate.
Logistics & Warehousing
Warehouses are the new darling of commercial real-estate thanks to a surge in e-commerce.
A surge in grocery deliveries is creating a huge opportunity for industrial real-estate developers.