Everyone knows how Covid-19 has transformed the way we live our lives over the past few months. And the property market hasn’t been spared the impact: with the rise of working from home and the slump in retail, global real estate markets have suffered sharp corrections as investors have attempted to price in rapidly changing fundamentals.
But investors need to be careful: the global property market is highly diverse, and the uses and dynamics of each property type can differ dramatically. While physical retail is clearly in a difficult situation, we believe there are still good pockets of value to be found within offices.
To find the winners and losers in the property market, we need to think about how life is going to change. Working from home is clearly going to stay with us, but companies will still need offices. We believe the future is going to be all about flexible working, with younger workers in particular demanding exactly this of their employers.
Want to know more?
Do you want to find out more about the micro-locations and building types we expect to thrive in the post-Covid world? If so, please register for our webinar on 23 October.