Technology has definitely changed the landscape of the way we utilize Real Estate, the way we live, work and go about our day to day lives. Covid-19 has definitely brought it to the forefront and it did indeed accelerated to where we are today and still evolving, but it is defiantly not the actual factor to these changes. As technology was and is constantly advancing, we are evolving every day as well. Retail, shopping malls are moving towards e-commerce, restaurants are moving to cloud kitchens, offices are changing to working remotely, even Doctor office are moving more toward tele-health. Schools and Colleges are advancing more in online educations and the list can go on and on in every spectrum in almost every industry.
now the question is, how are we going to accept these changes in our lives? how are we going to make changes the way we operate in our own business? will we have to adapt into these new concepts? can we continue our business and not make any changes and still survive?
These are the question one needs to ask themselves how can my business prosper in a new reality. Now I’m coming from a Real Estate prospective as I’m seeing daily how we are loosing tenants, how these businesses our trying to survive, stay afloat by keeping their doors open.
I believe every business owner needs to take a hard look at their way of operations and come to realization that we are not who we were yesterday but how we can accel tomorrow. Same goes for property owners, they will have analyze their portfolio and come to realization that their occupants are not the same as yesterday but to create space for a new tomorrow in a new trending market.