As millions of people are forced to work from home for an unpredictable amount of time due to the coronavirus, The Instant Group CEO Joe Brady expects the way we work to change forever.
“The most complete remote working experiment ever is in full tilt,” said Brady. “It’s all held up quite nicely, and we now know many more people can work from home.”
Although people will likely flock back to their workspaces when this is over due to the need for personal and social connection, social distancing measures are expected to continue on and off until a vaccine is created.
During stricter social distancing measures, workers can continue to work remotely and once guidelines are loosened, companies can welcome employees back into the workspace without overcrowding. Blending both physical and remote working capabilities will be key in commercial real estate moving forward.
Currently, Brady is aiding in the organization of a new think tank that hopes to bring corporate heads of real estate, building owners, property managers and more to monitor the office sector’s health, build new ways to protect user’s safety and help the market recover.
“Some people think we’re going to have a V-shaped recovery, but I think it’s more likely we’re going to see a Nike Swoosh-shaped recovery, where we go down fast, and slowly rise back up to the new normal,” said Brady.