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Daniel Tewfik, Senior Project Manager, Pears Global Real Estate Denmark
Key industry challenges
Public use properties are struggling due to restrictions
As a consequence of the restrictions imposed world wide on public gatherings due to COVID-19, properties with a public use component are struggling.
Lack of digital capabilities
Especially during COVID-19 it has become clear that digital capabilities are needed, but only 33% of respondents of the Deloitte Center for Financial Service Global Outlook survey 2020 either agree or strongly agree that they have the resources and skills requires to operate a digitally transformed business.
For residential homes the prediction is that people will continue to seek smaller cities as a result of COVID-19 and the restrictions on public transport, the lack of recreational activities, etc.
Pause of in-office activities due to WFH
WFH (working from home) is not a new phenomenon, but during COVID-19 people have been forced to work from home to a great extend - in many cases with great success. 94.3% of Emerging Trends in Real Estate 2021 survey respondents either agree or strongly agree that they will let employees work remotely at least part of the time in the future. This will arguably change the real estate market for office spaces.