Originally published by Trey Barrineau, Daniel Levison, Turner Levison for NAIOP 2020 Issue.
COVID-19 is forcing the industry to embrace teleworking and a wide array of digital tools.
The COVID-19 pandemic has introduced a great deal of uncertainty into the commercial real estate industry. It has also forced CRE companies to come up with solutions to keep operations running when it’s not feasible for everyone to be in the office. That includes adopting new technologies and embracing remote work.
“I think there will be lots of new investments in collaborative technology to enhance the growth in working remotely,” said Gregory May, executive vice president and West Region market leader for Newmark Knight Frank, during a NAIOP webinar this spring. “As brokers, we’re used to working remotely. About 90% of our day is out of the office or in our cars. I think it’s something that’s here to stay.”
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