The COVID-19 pandemic has impacted nearly every industry, including the real estate sector, and its impact will continue to influence the market long after the virus has been eradicated. The tumultuous year, however, ended with the festive period in the fourth quarter raising market sentiments by a fair margin and the affirmation of a vaccine […]
With easily 70% of employees working from physical offices before the onset of COVID-19, to only the frontline workers reporting to their workplaces amidst the crisis, to finally at least a fourth of the workforce planning to return to work – the office has witnessed quite a radical shift since the beginning of 2020. While […]
Until recently, workplaces were designed to encourage employees to engage in various activities which helped progress both, individual and organizational goals. This was made possible by creating multiple flexible spaces across the office floor, ensuring that an employee isn’t confined to his/her desk through the day, and is motivated to move around within the office […]
Did you know most organizations only effectively use 60% of their portfolio? More people are working outside of the office – at home, cafes, coworking spaces, etc. As workplaces transform to meet the needs of the evolving workforce, strategic and flexible occupancy planning can significantly impact cost and improve experience simultaneously. Need clearer guidelines […]
Technology is many things to many people. While often blamed for breakdown in inter- personal contact, it has the opposite impact in the work sphere. Not only has it broken down geographical barriers, it has allowed for better cohesion amongst a diverse stakeholder group. It has enabled a kind of flexibility and collaboration that has […]
Given the drastic climate change and its cascading effect, UNFCCC’s Paris Agreement requires all countries to take climate action, to keep global warming well below 2°C by drastically reducing greenhouse gas emissions. Construction and operation of a building accounts for nearly 36% of the total global energy used, of which 39% of energy expended is related […]
Space differentiators of yesterday, like grand lobbies, fitness center, outdoor gathering spaces or smart elevators were envisioned to add value to the office spaces. In fact, for a while it did, till the modern worker stopped seeing value in these. Furthermore, if we consider the use of such facilities and compare it with the cost […]
It is a known fact that office workers spend more than 75% of their time sitting at their desk, thereby leading to a relatively sedentary lifestyle. What is also a fact is that there are multiple studies out there that have shown that sitting for too long can cause serious health issues, including a higher […]
Real Estate Valuation is based on multiple criteria like location, area, brand, accessibility and finer details of the property. However, major deciding criteria continue to be budget, location and the brand. When it comes to commercial real estate, the process, in essence, remains the same. This process involves a substantial amount of data collection and […]
The International Monetary Fund (IMF), in its latest World Economic Outlook, has pared the global growth forecast from last October’s estimate. The global economy is now projected to grow 3.5% in 2019 and 3.6% in 2020, 0.2 and 0.1 percentage points below the last estimate. The projection is backed up by a list of downside […]