Pandemic and technology change real estate formats

Pandemic and technology change real estate formats


The greater taste for open, breezy and lighted environments, as well as the flexibility of hybrid work are themes that will continue to resonate

Even after the end of the coronavirus pandemic, some behavioral changes induced by the health crisis have been reflected in lasting transformations in real estate development models. The greater taste for open, ventilated and lighted environments, as well as the flexibility of hybrid working (some days at home, others in the office) are themes that will continue to reverberate in new residential and commercial buildings.

“With remote working, people are now spending more time indoors and have started to have a greater perception of the importance of space and have created more well-being demands for housing,” said the president of the Brazilian Association of Professionals. architectural studios (Asbea), Milene Abla Scala. “This type of question appeared more at the time of the development of residential projects.”

In commercial buildings there is an increase in vacancies both in offices and in parking lots, as the daily flow of workers has decreased.

Another behavior that was already growing and making a splash in the pandemic was online shopping habits, including the consolidation of apps for ordering snacks and meals. This has stimulated the expansion of the so-called dark kitchens, kitchens intended for preparing food exclusively for delivery. Milene recalled that it was necessary to create a law to regulate the places and properties for the implementation of dark kitchens in the city of São Paulo: “People order more food at home. It is a fact due to the changes of generations with new desires, from pandemic and technology news”.

Another trend for the real estate market is the growth of residential rent instead of the purchase of housing, which has become more expensive, according to the former president of the Housing Union (Secovi) and president of the Ingaí construction company, Claudio Bernardes: “People want to be in central locations, where they can move around easily, but these places are usually more expensive. To be in places like this and the client can pay little, the size of the apartment has been decreasing.”

An alternative is renting. In London, they represented 40% of households in the 2000s and are expected to reach 65% by 2025. In New York, they are rising from 60%, Bernardes pointed out. In São Paulo, the rent is about 21% of the market.

Source: Terra

You may also like