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Changing Trends of Commercial Real Estate

COVID-19 disruption has created a sense of urgency around some CRE trends…while others have taken a backseat. What’s accelerating? What has been Deprioritized?

Some trends our customers identified that need to be accelerated are:

  • Remote Monitoring
  • Environmental Sensor Data
  • Cybersecurity
  • Occupancy Data
  • On-demand Cleaning Services

Remote monitoring of buildings has become a top priority, think everyone can appreciate and understand the need for this. With stay-at-home initiatives across the globe, being able to understand occupancy data and the impact of environmental data is vital. Using those data inputs to do more smart cleaning of your building is an accelerating trend as a result of the pandemic that we are all living through. 

The importance of cybersecurity has never been greater as we start to open up buildings to be able to communicate remotely to the cloud. How are we going to ensure that cybersecurity is being maintained?

And some things are perhaps getting deprioritized, there was a trend towards office densification, trying to get more utilization out of the space that you occupy. As a result of social distancing and other health-oriented parameters, we are starting to see a slowdown of that trend, and instead, we need to look at ways on how space can provide a healthy environment not only a cost-effective one. 

Gartner released the results of a recent survey that revealed 74% of the 314 Chief Financial Officers they surveyed, said they planned to downsize the number of people that came into the office each day. How will organizations adapt to the pace of change in commercial real estate?

To help navigate these challenging times, ThoughtWire recently hosted a webinar with Intelligent Buildings to discuss Pandemic Disruption and the lasting impacts on Commercial Real Estate. You can watch the on-demand recording here, or listen to the podcast below. 

As an organization that serves many industries such as healthcare, commercial real estate, and corporate real estate organizations, we empathize deeply with what our customers are going through at this moment. We’re a technology organization, but for us people have always come first. If you need advice on where to start or how you can make the changes your organization needs to be prepared for the future, get in touch. Community is important now more than ever. 

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