RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

How the Commercial Real Estate Market Is Adapting to Post-Pandemic Needs

Home Agents
By the Experts at McKissock Learning
December 13, 2021
Reading Time: 4 mins read
How the Commercial Real Estate Market Is Adapting to Post-Pandemic Needs

Over the past year, working from home transitioned from “temporary” to a new norm many companies have begun to not only accept but openly embrace.

Of course, with many employees receiving the go-ahead to work from home for the foreseeable future (or at least work from home most of the time), what will happen to the big, roomy office spaces their employers no longer need?

In a recent Forbes article, The Impact Of A Hybrid Work Environment On Real Estate, Co-Founder and CEO of Replay Listings Rodolfo Delgado predicts a “downsizing” trend within the commercial real estate space, potentially opening up opportunities for commercial real estate agents to help newly-hybrid companies navigate the relocation process.

Hybrid Company Trends So Far

Right now, companies like Microsoft and Google are leading the way with flexible spaces designed to accommodate fewer in-person employees while still including virtual employees in roundtable meetings.

Google’s “Campfire” rooms are circular to make it easy for everyone to be addressed, while Microsoft is including eye-level cameras and screens on the walls to allow employees to maintain eye contact with their teammates, even if they’re remote.

And if you’re wondering if the need for office space will ever phase out completely? It’s not likely.

Delgado also considers the fact that in some metropolitan areas where the majority of living spaces are fairly small, employees may always want the option to work at a physical office outside their home if it’s safe.

Plus, some companies and roles need in-person dynamics for better performance.

However, overall, hybrid companies are looking for less square footage, and easily-rearrangeable rooms to accommodate a fewer and inconsistent number of in-person employees.

How Will the Hybrid Model Affect Commercial Market Value?

Since now-hybrid companies may rarely need to host the entire team in person going forward, Delgado estimates hybrid companies will “recalibrate” the amount of square footage they lease in their buildings.

As a result, leasing revenue will decrease, which also reduces their buildings’ market value. In some cases, landlords may need to repurpose some of the building space to use as residential housing in locations where it would make sense. In the worst-case scenarios, some commercial landlords may be forced to foreclose.

What This Means for Commercial Real Estate Agents

As one might expect, the commercial real estate industry needs trusted advisers now more than ever.

If you’re a commercial real estate agent, now is the time to reach out to your sphere of influence to see how your clientele is handling the back-to-work transition and whether or not they need help filling vacancies or planning for repurposing.

It may also be a great time to reach out to companies directly to see if they’re thinking about downsizing or relocating and helping them navigate the process.

The bottom line is, unprecedented trends like these will continue to emerge, and staying current helps position you as an invaluable asset to key decision-makers.

McKissock Learning is the nation’s premier online real estate school, providing continuing education courses and professional development to hundreds of thousands of real estate agents across the country. As part of the Colibri Real Estate family of premier education brands, McKissock Learning, along with its sister schools Real Estate Express, Superior School of Real Estate, Allied Schools, The Institute for Luxury Home Marketing, Gold Coast Schools, The Rockwell Institute and Hondros Education Group, helps real estate professionals achieve sustainable success throughout each stage of their real estate career. Learn more at mckissock.com/real-estate.

Tags: Business PlanningColibriCommercial Real EstateCoronavirusMcKissock LearningReal Estate AgentReal Estate CareerReal Estate CoursesReal Estate EducationReal Estate TechnologySuccess Tips
ShareTweetShare

the Experts at McKissock Learning

McKissock Learning is the nation’s premier online real estate school, providing continuing education courses and professional development to hundreds of thousands of real estate agents across the country.

Related Posts

Creating a More Equitable and Diverse Industry
Agents

Creating a More Equitable and Diverse Industry

March 30, 2023
Window to the Law: Avoiding Risks of Contract Terminations
Agents

Window to the Law: Avoiding Risks of Contract Terminations

March 30, 2023
Wallace Relaunches as Largest Independent Real Estate Firm in East Tennessee
Agents

Wallace Relaunches as Largest Independent Real Estate Firm in East Tennessee

March 30, 2023
Anywhere Highlighted in Fortune Magazine
Agents

Anywhere Highlighted in Fortune Magazine

March 30, 2023
Outdoor Kitchen/Entertaining Areas Top Buyers’ Must-Have Amenities List
Agents

Outdoor Kitchen/Entertaining Areas Top Buyers’ Must-Have Amenities List

March 30, 2023
Pending Home Sales Increase for Third Straight Month
Agents

Pending Home Sales Increase for Third Straight Month

March 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

Tips for Property Tech Tool Adoption

Tools with the lowest engagement often have the lowest awareness, but there's good news, too—tools with low awareness frequently have the highest satisfaction levels among those who do use them. Here are a few strategies to improve awareness of tech tools and increase adoption rates. Read more.

Business Tip of the Day provided by

Recent Posts

  • Creating a More Equitable and Diverse Industry
  • Window to the Law: Avoiding Risks of Contract Terminations
  • Wallace Relaunches as Largest Independent Real Estate Firm in East Tennessee

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X