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THE COVID-19 PANDEMIC WILL CHANGE "LIVE & WORK" FOREVER.

THE COVID-19 PANDEMIC WILL UNDOUBTEDLY CHANGE THE WAY WE “LIVE & WORK”

THE COVID-19 PANDEMIC WILL UNDOUBTEDLY CHANGE THE WAY WE ‘LIVE & WORK’ FOR THE FORESEEABLE FUTURE, AND NEW TRENDS WILL EMERGE THAT WILL BECOME PART OF OUR 'NEW NORMAL.'

BUT WHAT ABOUT THE MORE FAMILIAR STRUCTURAL TRENDS WHICH HAVE BEEN SHAPING THE WORLD OVER THE PAST FEW DECADES? 'MEGA TRENDS' IMPACTING THE REAL ESTATE SECTOR FOR MANY YEARS – THE GROWTH OF CORPORATE OUTSOURCING; RISING CAPITAL ALLOCATIONS TO REAL ESTATE; RAPID URBANIZATION AND CITY BUILDING; THE ADOPTION OF NEW TECHNOLOGIES; AND THE IMPERATIVE TO BUILD A MORE SUSTAINABLE FUTURE AND TO TAKE URGENT ACTION TO COMBAT CLIMATE CHANGE. THEIR ROLE IN SHAPING THE SECTOR HAS BEEN UNDENIABLE OVER THE PAST DECADE BUT, LOOKING TO THE NEW POST-PANDEMIC WORLD, WHAT INFLUENCE WILL THEY NOW EXERT?


  

1. HISTORY SHOWS THAT PEOPLE OFTEN MOVED TO CITIES AFTER PANDEMICS BECAUSE OF THE BETTER JOB OPPORTUNITIES AND THE HIGHER WAGES THEY OFFERED AFTER THE SUDDEN DROP IN POPULATION.

2. AROUND 95 PERCENT OF PEOPLE WITH COVID-19 LIVE IN URBAN AREAS. THIS HAS BROUGHT INTO SHARP RELIEF SOME OF THE FUNDAMENTAL INEQUALITIES AT THE HEART OF OUR TOWNS AND CITIES. COVID-19 WILL HIT THE MOST VULNERABLE THE HARDEST, INCLUDING DENSELY POPULATED INFORMAL SETTLEMENTS AND SLUMS, AS WELL AS OTHER PEOPLE LACKING ACCESS TO ADEQUATE, AFFORDABLE, AND SECURE HOUSING. WITHOUT A HOUSE, IT IS IMPOSSIBLE TO HEED THE CALL TO STAY AT HOME. WITHOUT SAFE SHELTER AND ACCESS TO BASIC SERVICES, THE ORDER TO SHELTER IN PLACE HAS NO MEANING.

THE RICH WILL WITHDRAW EVEN MORE BEHIND THE PROTECTION OF DOORMEN AND GATED COMMUNITIES. SANITIZED CARS WITH DRIVERS ON CALL. EVERYONE ELSE WILL BE MORE FEARFUL OF ANY PUBLIC CONTACT, AT LEAST FOR A NUMBER OF YEARS, IF NOT A DECADE OR MORE. REMOTE WORK WILL DRAMATICALLY ACCELERATE.

  

3. THE PANDEMIC WILL CHANGE URBAN LIFE FOREVER. URBAN AREAS WILL COME BACK STRONGER THAN EVER AFTER THE PANDEMIC. 

4. BUT WHEN THEY DO, IT WILL BE DRIVEN BY A NEW MODEL OF GROWTH THAT EMPHASIZES INCLUSIVITY, SUSTAINABILITY, AND ECONOMIC OPPORTUNITY. EVEN BEFORE THE CRISIS, URBAN COMMUNITIES AROUND THE WORLD WERE DEMANDING LOWER COSTS OF LIVING AND STRONGER PLANS TO TACKLE CLIMATE CHANGE. SOME ARGUE THAT THE GLOBAL PANDEMIC IS CAUSED BY DISRUPTIONS TO NATURE SYSTEMS CAUSED BY AN ALTERED CLIMATE.

5. REVIVING URBAN POPULATION GROWTH AFTER THE PANDEMIC WILL START WITH RESTORING CONFIDENCE IN URBAN PUBLIC HEALTH AND IN THE SAFETY OF DENSE LIVING. BUT WHEN PEOPLE DO RETURN TO CITIES—AS THEY ALWAYS HAVE IN THE PAST—WE MUST LEVERAGE NEW POLICIES AND TECHNOLOGIES TO MAKE URBAN LIFE MORE AFFORDABLE AND SUSTAINABLE FOR MORE PEOPLE.

6. OUR CURRENT TREND OF HOUSING INEQUALITY IN THE REGION NEEDS TO BE ADDRESSED WHEN THIS IS OVER ! IT MAKES NO SENSE TO CONTINUE A TREND WHERE INCREASINGLY THE RICH LIVE IN CITIES AND WAGE EARNERS WHO PROVIDE SERVICES TO THE CITY (TEACHERS, HEALTH CARE WORKERS, FOOD INDUSTRY WORKERS) ARE ALL BEING FORCED FURTHER AND FURTHER TO LIVE IN INFORMAL SETTLEMENTS AND SLUMS. IN TIMES OF PANDEMIC THIS INEQUITY IS INCREASINGLY GLARING BECAUSE IT ENDANGERS COMMUTING WORKERS AND INTERFERES WITH THE SMOOTH FUNCTIONING OF THE CITY. WE NEED CONSTRUCTION OF THOUSANDS OF NON-MARKET HOUSING UNITS —TO PROVIDE HOUSING FOR OUR WAGE EARNERS.

7. THE ONGOING HEALTH CRISIS SHOULD ACCELERATE THE TREND OF OUTSOURCING OVER THE LONG TERM. OCCUPIERS WILL INCREASINGLY SEEK THIRD-PARTY REAL ESTATE SERVICES TO SUSTAIN BUSINESS CONTINUITY. THERE WILL BE INCREASED DEMAND FOR NEW WORKPLACE DESIGN, INCLUDING MORE DIGITAL, FLEXIBLE AND HEALTH-ORIENTED WORKING SOLUTIONS.

  8. THE PANDEMIC IS UNLIKELY TO SLOW THE LONG-TERM TREND IN GROWING URBANIZATION, BUT WILL PROMPT A RETHINK IN URBAN DESIGN, INCREASING THE IMPERATIVE TO DEVELOP TRULY SCALABLE SMART CITY SOLUTIONS, TO PUT A MUCH GREATER FOCUS ON PUBLIC HEALTH AND SAFETY, AND TO DELIVER GREATER INVESTMENT IN PUBLIC INFRASTRUCTURE.

9. THE MASS ADOPTION OF REMOTE-WORKING TECHNOLOGY THROUGH THE PANDEMIC PHASE WILL LIKELY INCREASE THE PACE OF THE FOURTH INDUSTRIAL REVOLUTION, INCLUDING EVEN MORE EMPHASIS ON ROBOTICS, THE INTERNET OF THINGS (IOT), BIG DATA, AND UNMANNED VEHICLES.


10.  BY COMBINING INTELLIGENT TECHNOLOGY AND HUMAN IMAGINATION, WE OFFER SOLUTIONS BASED ON DESIGN, BUILD, SIGHT, SOUND AND ANALYTICS TO IMPROVE MARKETING AND DELIVER SALES REAL ESTATE PROPERTIES AND OPTIMIZE BUSINESS PERFORMANCE 

11. "DO GAJ DOORI" | THE ENTIRE WORLD NOW UNDERSTANDS THE IMPORTANCE OF STAYING SIX FEET AWAY. ACROSS THE GLOBE, WE’RE IN DIFFERENT STAGES OF EXPERIENCING THE “THE 6 FEET RULE” AND ISN’T GOING AWAY ANY TIME SOON AND HOW CRITICAL IT IS TO NORMALIZE THIS GUIDELINE INTO EVERYDAY LIFE. EVENTUALLY, WE WILL ALL RETURN TO"LIVE & WORK", BUT WE MUST NOT FORGET THIS GOLDEN RULE.