The ongoing pandemic will force commercial real estate to make significant structural changes

According to a new McKinesey & Co report, the pandemic will force commercial real estate to make significant structural changes. Open office layout and densification trends may reverse, and there may be changes in building codes and regulations relating to how many square feet each employee is allotted. CRE companies may intensify a move toward the use of digital and advanced analytics to enhance tenant experience. In China e-commerce retail spending during the pandemic stayed e-commerce when stores reopened.