REUTERS/Eduardo Munoz
- Offices, hotels, and malls have been emptied by the coronavirus, which could lead to more than 18 months of disruption in our day-to-day lives.
- Flex-space providers like Knotel and Convene, rental startups like Sonder and Zeus Living, iBuyer Opendoor, and brokerages including Compass and Redfin have laid off or furloughed staff.
- The coronavirus has provided the largest experiment ever in remote work. Some experts think it could forever change our relationship with the physical office.
- Customer behaviors are also changing how we buy and order, and that could have long-term effects on areas like industrial real estate.
- Click here for more BI Prime stories.
The coronavirus has thrown 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 have followed are transforming how people finance, operate, and occupy real estate.
We've been tracking a slew of layoffs in the venture-backed real estate world, as empty short-term rentals and coworking spaces have hit once-buzzy industries hard. We are also keeping tabs on what experts are saying about the industry, and the future of offices as the virus has created the biggest experiment in remote work ever.
See the rest of the story at Business Insider
NOW WATCH: Here's what it's like to travel during the coronavirus outbreak
See Also:
- Vacation home owners are turning properties into quarantine havens by beefing up amenities to include protective masks and large cases of wine
- Wealth managers can no longer take clients on splashy outings or events because of the pandemic. Here's what they're doing instead to keep their richest clients happy.
- Leaked Knotel financials show the WeWork competitor struggled to hit sales targets well before the coronavirus hit
from Feedburner https://ift.tt/2X6H47V
No comments:
Post a Comment