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Covid-19 and Commercial Workspace

The Covid-19 pandemic has created an unprecedented challenge for the real estate industry. Commercial real estate professionals have had to navigate new obstacles like virtual showings, finding buyers during an economic downturn and perhaps most significantly, the shift away from centralized offices toward full-time remote work.<br>While demand returns for office, the largest part of the workforce are now hybrid workers that come to the workplace two to three days a week. This is down from four to five days per week meaning a 20 to 30% decrease in demand for office, retail, hospitality, etc. This is dramatically shifting how these assets are used and valued.<br>We have started seeing the productization of the office from a couple of products to several. <br>New concepts in Commercial Properties are emerging.<br>Recently I heard about Golden-I, in Greater Noida West. This is a project designed and planned by a Renowned Architect.<br>Based on the unique concept of Shop-Work-Live-Entertain, Golden-I is Gold Rated IGBC certified & incorporates Green footprints with sustainable designs improving energy and water efficiency, using eco-friendly construction material and creating healthier indoor space along with superior air quality, abundant natural light, access to views and noise control which benefits building occupants, making buildings better places to work or live.<br>They are currently conducting online webinars to showcase their Office Spaces which are truly amazing! I attended one webinar here https:\/\/gracelist.co.<br>They may be coming up with more.<br>Watch out this space for up-to-date information on Real Estate Trends in India!

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Covid-19 and Commercial Workspace

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