The Coronavirus’ Effect on the Real Estate & Construction Industry, Business and Industry Trends Analysis

The Coronavirus pandemic had a significant effect on real estate and construction on a global basis.  Working from home (WFH) during government mandated “shelter at home” periods has led to many employees permanently working from home, or perhaps only coming to their offices a few days monthly.  This creates long-term challenges for office building owners. Overall, the impact on commercial real estate has been very significant.  City center office towers are now somewhat less popular, with some companies shifting their office spaces to smaller, more accessible buildings that are closer to employees’ homes—often in the suburbs.  Permanent restaurant and store…

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