COVID-19 will lead to greener offices, the return of co-working, and more learning on the job, according to a recent report from Pi Labs, a VC that invests in real estate tech firms
The COVID-19 pandemic has hammered the commercial real estate sector, and forced companies to think about how they can use technology to improve both employees' productivity and their wellbeing.found that nearly 90% of property investors believe that technology innovations in real estate will continue growing over the next five years — COVID-19 appears to have accelerated that growth.
Property owners and developers will prioritise tech to improve employees' wellbeing and productivity, Pi Labs' report said. A 2019 Deloitte'sfound that 92% of 750 commercial real estate executives plan to maintain or increase investment in tech that affects how people use their office in the coming years — one example is a mobile app that lets people book meeting rooms.
Green buildings and resource-efficient properties will cut costs while improving staff efficiency, Pi Labs said. These buildings can double cognitive function, it added. The adoption of new technologies, including automated services, such robots designed for cleaning, will minimize the need for human workers in some areas. Companies will need retrain their employees: Around ten million workers in the UK alone will have to develop new skills and change roles by 2030, the report said. Firms will emphasize soft skills in the workplace, such as communication and critical thinking.
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