Commercial Real Estate Investing Trends In 2020:
What’s New?
Steve Peterson Like the residential real estate market, commercial real estate keeps evolving and growing with the tides of the world. Due to this dynamism that commercial real estate possesses, an investor must keep strategizing on how to corner the profits and edge out his competitors from the market.
In this informative article, we look at the 2020 trends in commercial real estate. •
Demand for workspaces Before the advent of the novel Coronavirus, offices were open, and retail and restaurant operations were also in full force. However, the virus forced the government to order a lockdown of all of these commercial spaces in its effort to cut down the spread of the virus. The virus has forced many businesses to ask their workers to work from home, leaving many offices empty and unused. The virus also caused a global pandemic that has affected the global economy and has led to a soaring unemployment rate that has negatively impacted households and investments. Though the virus is yet to be exterminated completely, life is returning to what we
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used to know before. After the long hiatus, some businesses are asking their workers to resume back to the office while others have adopted the remote working option. What commercial real estate investors can deduce from the foregoing is that as businesses begin to open back en masse, the once empty workspaces can be expected to fill up in little time. • Demand for a restructured design of office spaces Part of coronavirus’s effect would be a surge in demand for a restructured office space that allows for more space and privacy Workers would be more conscious of their environment and health because of the pandemic. Commercial real estate landlords can expect to have businesses demanding that their offices be restructured so that it can allow for more privacy. The Power Is Now Magazine | OCTOBER 2020
