As we navigate our way through the second wave of the pandemic, the CRE landscape continues to shift for all stakeholders in this ecosystem. While Q2 of 2020 witnessed green shoots of recovery for CRE, Corporate occupiers remain uncertain about long-term workspace plans in 2021 and 2022 and are re-evaluating their office space needs.
*We are now dealing with a liberated work environment and collaborative workspaces are a subset of this new work environment. With this trend, a conventionally popular trend of
building the office first and then hiring has been reversed. Despite these changes, office is a flag that stands for stability, retaining and hiring talent.
*Working from home had its impact on employees in terms of stress and diminishing the overall well-being of the employees. In today’s world, hybrid work model, remote working,
work from home will co-exist.
*While Work from home has its positives, offices are about collaboration, engagement, culture building and talent development which is only possible with physical offices.
*Covid-19 has accelerated a few trends like digitalization where the new age workforce have different attitudes and preferences compared to the millennials.