How Corona -19 Has Changed The Way We Work

The coronavirus outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy.

WHO declared COVID-19 a pandemic on March 11, 2020. In its message, it balanced the certainty that the coronavirus will inevitably spread to all parts of the world, with the observation that governments, businesses, and individuals still have substantial ability to change the disease’s trajectory.

Companies confronted with the coronavirus outbreak across the world have mandated employees to work remotely, setting up a test for what many consider a key tenet for the future of work. Technology makes it easier than ever, but there are concerns over hard-to analyze impacts like the value of spontaneous, face-to-face interactions. This has not only changed our culture of working but has also had severe business implications. Many businesses previously considering expansion and relocation of their offices are now delaying decision making. However, not all corporate real estate (CRE) heads can afford to wait too long for the uncertainty to lift, especially those faced with impending lease expirations. Although the long-term health, economic, and business impacts of the COVID-19 outbreak cannot be fully predicted, the current situation presents an opportunity for CRE professionals to reevaluate their real estate, business continuity plans, and workplace strategies in order to minimise business risks from COVID-19 and any future viral epidemics.