The COVID-19 pandemic has fundamentally challenged the role of Commercial Real Estate, given the uncertainty around how many business tenants will survive the crisis, and what the future work space requirements will be for those that survive or prosper.
We put into perspective the impact of COVID-19 crisis on Corporate Real Estate, and what responses the demand supply imbalance is driving across the value chain. We highlight how industry players can manage through these challenges to emerge stronger in the post COVID-19 landscape.
respondents from Asia Pacific believe that there will be an enduring shift towards remote collaboration in working
PwC’s COVID-19 CEO Panel Survey
Shift in demand will force pivoting back to value proposition
Immediate action due to lag effect & lead-time to implement
Facilities Management (FM) need to satisfy short-term requirements and build future foundations
Partner, Strategy&, PwC Singapore
Tel: +65 6236 4078
Yeow Chee Keong
Real Estate and Hospitality Leader, PwC Singapore
Tel: +65 9675 0891