2020 will be known as the year Covid-19 disrupted everything we know, with ripple effects felt well into 2021. The short-term impact on businesses and economies is evident, but what does this mean for the big office return?
Commercial real estate
Brick Lane has so far resisted gentrification, but a new scheme has just been given the go-ahead.
Since the onset of the Covid-19 pandemic, owners and managers of urban buildings have struggled to find and implement effective disinfecting measures for keeping viruses and other contaminants at bay and return confidence to the people who occupy those buildings.
Real estate sales in Manhattan have skyrocketed far above their 2020 and 2019 levels.
The US prime property market has largely recovered from the impact of the pandemic, but data supplied shows some cities have fared better than others.
A survey from the Site Selectors Guild shows investment in new office projects is low as a result of the remote working revolution brought about by Covid-19. However, storage demand is on the up.
Real estate investment trust Gecina has completed the landmark green conversion of its entire debt portfolio. Finance head Nicolas Dutreuil explains the rationale and process of the first restructuring of its type in the property sector.
The Covid pandemic has left a wake of destruction on people’s lives and made a ghost town out of many a high street. So as nations start to get back on their feet, can temporary arts ventures help heal communities and save commercial spaces?
Many staff are reticent about going back to their workplaces after the pandemic. Tech leaders must develop flexible solutions to help.
"With news that nearly 50% of New Yorkers have received one vaccine dose and indoor occupancy restrictions are easing, we’re seeing a sizable – and heartening – uptick in activity as more people head back to their offices," says Bert Rosenblatt of Vicus Partners.
The Elite Traveler Data Team analysed more than 15,000 data points in the largest 100 cities in the US.