The Implications of COVID-19 for the Real Estate Industry
Implications of COVID-19 for the Real Estate Industry
In this two-pager, we look at the implications of the global economy's downturn due to COVID-19, on the business and operating models of players in the real estate industry.
COVID-19 has had and will continue to have an unprecedented impact on the global economy and, consequently, on the traditionally-cyclical real estate industry.
From threats to property managers such as cash-flow deterioration or impairments on tangible assets, to potential opportunities for corporate real-estate owners wishing to rationalize their real-estate portfolio and capitalize on the working-from-home trend; the impacts are numerous and significant.
Next to outlining key areas of concern, we suggest a 3-stage approach to quantify and map the impact of the current economic situation that COVID-19 brings, and inform revisions to operational and strategic plans for real-estate players to ensure that business and operations are prepared for the forecasted economic situation.
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