Katie Warren/Business Insider
Offices, hotels, and malls were emptied by the coronavirus. While some are reopening, the disruption has created a new normal.
The coronavirus has provided the largest experiment ever in remote work. Experts say it will forever change our relationship with the physical office.
Flex-space providers like WeWork, Knotel, and Convene, rental startups like Sonder and Zeus Living, iBuyer Opendoor, and brokerages including Compass and Redfin have laid off or furloughed staff.
Companies are also rethinking their office footprints and warehouse needs.
Click here for more BI Prime stories.
The coronavirus threw the real-estate world into disarray, as people empty out of offices, hotels, and malls and work from their homes. The spread of the virus and the economic disruptions that followed are transforming how people and companies finance, operate, and occupy real estate.
Big firms are rethinking office needs — and some commercial real-estate deals are being put on ice. A surge in e-commerce, meanwhile, is fueling demand for warehouse space at companies look for new ways to reach customers.See the rest of the story at Business Insider
Vacation home owners are turning properties into quarantine havens by beefing up amenities to include protective masks and large cases of wineWealth managers can no longer take clients on splashy outings or events because of the pandemic. Here’s what they’re doing instead to keep their richest clients happy.Leaked Knotel financials show the WeWork competitor struggled to hit sales targets well before the coronavirus hit
Read more: feedproxy.google.com