The following is an extract from an excellent article written by JLL USA but the content is just as relevant to UK Commercial property.
Real estate is changing rapidly, becoming more operational, experiential and variable. We see these shifts starting to happen across the commercial real estate industry and investors will need to be proactive to attract, retain and support tenants.
Markets will begin to establish the “next normal” in investment and this will place an acute focus on people-first, tech-enabled and responsible strategies. To maintain success, investors will need to build resilient, productive portfolios in a sustainable way. This is the start of a new journey for investors that will be shaped by a confluence of innovative ideas from across the real estate landscape, including corporates, developers, lenders and advisors.
The following checklist will guide you as you continue to navigate the road to the next normal under the following headlines.
- (re)position portfolios
- (re)connect experience
- (re)design spaces
