real estate development post-covid

Real Estate Development Post-Covid

The COVID-19 pandemic has forever changed the way certain businesses and industries operate. From the service industry to the technology sector, the impacts of the pandemic have struck a major chord and caused the need for change. In particular, real estate development post-COVID will look very different from the offices and residential spaces we are used to.

New and existing buildings are being looked at through a new lens – one that involves elevated health measures and adjusted occupancy considerations. Developments in the design and even construction phases are being modified as they go to accommodate new post-pandemic norms.

These new requirements will not slow down the rapid state of real estate development and will instead emphasize the leaders in the industry that quickly adapt to the new normal.

How do you update your building to post-pandemic life?

To update your building to post-pandemic life, focus on the health of its users. Consider the occupancy of a room to avoid overcrowding and the systems that are used to clean a space to avoid unsanitary conditions.

How To Reimagine Existing Real Estate

Developers agree that post-COVID real estate development will be completely transformed. Owners and investors will have to reevaluate their existing buildings to ensure they are up to par with the developing needs of their residents or clientele. By collaborating with an architect, owners can redesign and reimagine their spaces.

Health, cleanliness, and sanitation are huge factors in what a post-pandemic building should offer. Real estate should feature robust air purification systems, water filtration systems, and cleaning measures to bring people back to these facilities.

Another focus will be on incorporating touchless technologies. How we enter doorways, operate elevators, or use bathrooms should be through means of motion or voice as opposed to touch. Even technology infused buildings with advanced touchscreen entry systems or package storage will need to rethink this operation.

Why Real Estate Development Post-COVID Won’t Slow Down

As many were confined to the depths of their home for months on end during the pandemic, we realized just how important our four walls really are. As we begin to emerge and grasp onto “normal” life again, the places we live and go are more important to us than ever.

People will be searching for larger apartments and houses to increase the functionality of their spaces. Companies will be searching for adaptable office spaces that can accommodate flexible schedules and safe meetings. Consumers will be looking for a shopping experience that feels open and unrestricted.

For all of these reasons and more, developers will be working to execute and provide these opportunities to people. Real estate development will continue to prosper and grow as life becomes more familiar.

Designing Your Post-COVID Real Estate

Do you want to update an existing building or better plan for a future one? We can help! To learn more about how we can specifically help you, schedule a time to chat with us today!