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Flexibility In CRE Is Key As Companies Move Forward

Cecilia Amador de San JosébyCecilia Amador de San José
August 26, 2020
in News
Reading Time: 1 min read
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COVID-19 has had a dramatic impact on the way people use and engage with built environments. In the office sector, many believe there will be a reduction in a company’s CRE footprint as more organizations allow for permanent work from home policies. 

Yet, this does not mean deals aren’t happening. In fact, JLL reported that there have been some sizable transactions over the past few months. The key difference now vs before the pandemic is that flexibility has become a top priority for organizations of all sizes. 

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Large, mid-size, and small businesses are reportedly searching for flexible space. As a result, landlords have responded by being more willing to offer rent-free periods and more flexible terms. 

While no one knows how long the uncertainty and impact created by COVID-19 will last, one thing is for sure: flexibility will be key in the commercial real estate market as companies begin to navigate the new normal. 

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Cecilia Amador de San José

Cecilia Amador de San José

Cecilia is an experienced writer and editor with a background in strategic communications. She has written articles for Allwork.Space on several topics, including the future of work, flexible workspaces, employee wellness., and more.

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