Proxyclick and CREtech announced the results of a co-sponsored global survey of corporate decision-makers in the commercial real estate (CRE) industry. The survey was conducted by the two companies to gain a deeper understanding of how CRE professionals are feeling about the real estate landscape post-Covid-19. Specifically, the survey placed emphasis on the role technology will play in problem-solving as CRE professionals support their clients’ return-to-work strategies.
Among the industries most impacted by COVID-19, commercial real estate (CRE) is one that’s taken a major hit from all sides. Not surprisingly, office space and return-to-work strategies are at the top of the list for commercial real estate owners, clients, and investors across the board. According to Cushman & Wakefield, in 2022 Q2, global office vacancy rates will rise more than 43 percent compared to pre-crisis levels (2019 Q4). The firm even predicts the reversal of densification because of the need for social distancing.
With that context in mind, key takeaways from the Proxyclick-CREtech survey include:
“Well before 2020 and the COVID-19 crisis, technology innovators like Proxyclick were delivering products to companies that saw value in people flow solutions,” said Michael Beckerman, CEO), CREtech. “Now, as our survey results clearly indicate, the value of these tools has been multiplied even more as companies plan to return their workers to office spaces, and CRE leadership is clearly taking note.”