Get ready for creative destruction: Changes in how we use commercial property post-Covid will stick

Deep Dive into property

The Covid-19 pandemic has been a testing time for all concerned in the property sector. The opportunity of where, when and how frequently we shop, work, entertain ourselves has been forcibly changed for us.

Some of that involuntary change of habit will stick as we discover the positives of a new way of doing things. For example, employers and managers who have historically resisted allowing their workforce to be flexible in their work patterns have now experienced the positives of that for themselves. Therefore, we are likely to see an acceleration of creative destruction occur in property which will influence the investment strategies of REITs. When we experience such a ground shift of economic conditions and an associated dramatic sentiment swing, it is inevitable that there will be...