Does COVID-19 have a long-term impact on real estate? ExpoReal 2021, a three-day event in Munich that kicked off yesterday, provided a broad perspective with speakers from both the private and public sectors.
One of the first sessions at the fair touched on the wide range of challenges posed by the pandemic. New work scenario.. The situation in the home office, which has led to a more advanced and hybrid work model, has changed not only the way people work, but also the way they live and socialize. The real estate sector must adapt and innovate accordingly.
The panelists list include Sabine George, Executive Director of Urban Land Institute Germany, Daniel Grimm, Real Estate and Development Director of IWG Germany & Austria, Jürgen Primem, Managing Director of Landimmo Real Estate, and Landeshauptstadt München. The moderator was Nicolai Wendland, Chief Information Officer of 21st Real Estate.
Georgy, who became executive director of ULI Germany in April and conducted a city survey 19 times after COVID, began discussions with the following conclusions. .. “
In general, new work scenarios include a lot of work from home, and not everyone can afford a larger apartment for private study. The drawbacks of remotework have surfaced as people tend to spend more time in the house: we need more opportunities to socialize. As the retail sector is struggling, city planners may need to look in other directions to create opportunities for people to rub their shoulders. Cultural location and leisure may be key.
Decentralization of cities will be a scenario in which each district creates the opportunities and facilities needed by the locals and avoids long commute. “Commuting is a productivity killer,” says Grimm. The average Berliner commute about 45 minutes each way each day, so the future of work is divided into home offices, offices near home, and fixed offices at headquarters.
Coworking and other shared workspaces are one of the solutions employers are looking at in response to changing workspace trends. As a personal note, Wendland explained that a shared work environment close to home is his preferred setting between working from home and working in the office. “I will be the perfect user,” he said.
That’s right Distributed workspace It looks like a viable scenario, but it reduces commuting time while supporting face-to-face interactions. According to Grim, people now value flexible working hours over higher salaries when looking for new jobs. Even before the global health crisis hit the world, the COVID-19 has accelerated this need at an unexpected pace, shifting towards greater workspace flexibility.
According to Georgi, increasing flexibility in how people use shared spaces in both residential and commercial environments will help in the future. “Daytime market, nighttime concert venue” was one of the examples she mentioned.
At the same time, Grimm said that the main argument against coworking and multipurpose generally comes from bankers. How are these spaces funded? Who funded a shared workspace within the community and who manages it in a profitable way?
The future of the city
There was a joint agreement among the panelists on the idea that the pandemic accelerated some trends that had already taken place before March 2020. Urban mobility expert Schleiner has been discussing the topic of climate change. It is a more pressing issue than the health crisis and has long-term implications for human dwellings. Mobility and urban resilience were emphasized as answers to future challenges.
Mobility is important for the future of the city, but reducing the use of private cars and replacing parking lots with green spaces is one of the best answers to tackle traffic problems.The rise in temperature will inevitably get hot Public space, This is currently mostly occupied by parking lots. Promoting car-sharing initiatives, wider sidewalks, public transport, and better bike lanes is part of the solution Schleiner has proposed.
To achieve this, both the public and private sectors need to create the right frameworks and opportunities through incentives and internal policies. Start-ups and technology departments may also contribute through new technology solutions and innovations.
Expo Real 2021: Does COVID-19 have a permanent impact?
https://www.commercialsearch.com/news/expo-real-2021-will-covid-19-have-a-lasting-impact/ Expo Real 2021: Does COVID-19 have a permanent impact?