How COVID-19 crisis changed the Commercial Real Estate Industry?

1
How COVID-19 Crisis Changed The Commercial Real
Estate Industry

• Contrary to past economic challenges, the
  COVID-19 crisis has changed the commercial real
  estate sector around the world

2

• Commercial real estate companies typically had
  solid financial statements at the onset of
  COVID-19. But with the evolution of economics,
  the pandemic has stopped in tectonic variations
  of the way people normally exist, work, and
  develop. More than anything, the COVID-19 has
  impacted 4 major commercial real estate functions
  in Melbourne like technology, operations,
  finance, and talent

3
Impacts on Covid-19 on the following sectors

• Impact On Technology
• Impact on Operations
• Impact On Finance
• Impact On Talent

4

• Commercial real estate businesses have struggled
  to establish digital workflows and advance
  foundational processes during the pandemic. It
  was very difficult to compensate for static and
  dynamic CRE transactions in the COVID-19 crises.
  Many CRE leaders fought with cash management to
  boost efficiency balancing capital
  expenditure correctly.

5
Smart Moves CRE Leaders Has to Make To Remain
Competitive

• Well, we can't deny the crises have changed the
  general scenario and commercial real estate
  situation. But the loss can always be overcome
  through intelligent movements
• By executing bold actions that intensify
  relationships with investors, customers, and
  stakeholders. By determining concession
  abatement.

6

• Implementing multi-year patterns of densification
  open plans can also lead to changes. By
  developing advanced digital analytics, CRE
  leaders can also negotiate leases, evaluate
  assets, and boost tenant experience.CRE firms
  endeavor to lessen costs by around 20 over the
  next year or more. CRE must streamline and
  reframe its services to facilitate work to get
  done more agile and efficient.

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