The following is the 2021 commercial real estate Outlook Report From Deloitte Consulting recommended by recordtrend.com. And this article belongs to the classification: global economy , Deloitte Consulting , research report.
The impact of covid-19 on the global economy and the commercial real estate (CRE) industry has made 2020 the most memorable year in recent history. Due to the closure of physical facilities due to extensive closures, CRE needs to operate digitally while ensuring the health and safety of its employees and occupants, taking into account the financial situation of tenants and end users.
The main findings are as follows
The unprecedented impact of covid-19 on the global economy and the commercial real estate (CRE) industry continues to challenge leaders.
Digital transformation of enterprises and tenant experience may become a top priority. More than half of the respondents (56%) believed that the pandemic exposed their organization’s insufficient digital capabilities. Companies can strengthen network security and data privacy by using structured methods for digital conversion, and make data support decisions by using analysis, so as to strengthen operation and build trust with tenants.
The pandemic is undermining CRE’s value proposition, especially for offices, retail and hotels, and most CRE companies are reassessing their existing portfolios. CRE faces cost pressure due to weak operating Fundamentals: respondents plan to reduce costs by 20% on average. Optimizing operating costs and using technology to relocate space and for facility management can improve operational flexibility.
CRE is feeling the impact of the current economic environment – 36% of respondents in North America expect rental income to fall by more than 20% next year, compared with 25% in Europe and 23% in the Asia Pacific region. In order to enhance financial strength, companies can focus on enhancing their asset portfolio and digital financial functions.
More than 50% of respondents admitted that in the short term, employees’ concerns about returning to work will hinder their ability to succeed after the pandemic. Planning and implementing talent transformation to adapt to the future of work, and prioritizing diversity and inclusiveness will provide a competitive advantage.
If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.
RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.