How will COVID-19 accelerate the adaptation of technology in real estate?

24
Mar
2020
News - How will COVID-19 accelerate the adaptation of technology in real estate? #coronavirus #property #proptech #remote work #report #technology #tenant experience

by Ákos Budai | Report

Although the coronavirus pandemic has the world (and the property sector) facing an unprecedented challenge, one positive consequence seems to be certain – it is going to accelerate the adaptation of technology. Property Forum asked three people in proptech to share their thoughts on how COVID-19 is going to impact the way we work and connect to each other.


Maciej Markowski, CEO & Co-Founder of spaceOS

Short-term, COVID-19 sent us all home, cancelled events and turned our meetings into calls. Slack and Microsoft Teams sign-ups explode - corporates are trying to continue functioning. It's putting a large strain particularly on companies that never introduced flexible working policies.

Long-term, I believe, a lot of interesting effects are in store for us. You can say that COVID-19 will do for remote working what WWII did for equal employment - it will force it and people will realise that it's much less scary than they believed. We'll have a whole generation of managers that had to figure out how to manage a remote team. Technology will become even more key - to bring people together, manage community and keep us all safe. It's also not impossible that corporates will start renting less office space and will require more flexible leases. Technology, like spaceOS, allowing landlords to manage their building, but also turn some of it into flexible workspace, will come in handy.

Marian Skvarek, Founder of Realpad

I've spent the whole week on calls with our customers. We're a remote team since our inception and our customers wanted to understand how to navigate this transition. One thing that struck me was how many of our customers (including the conservative ones) took this as an opportunity to make their organizations more efficient, location-independent and employee-friendly. This makes me very confident that the way we think about office space not only will change but already is changing. One thing for sure is that we’ll see more remote working. That is why we've launched the series of webinars and consulting services tailored to real estate companies on how to adapt to working from home.

Petr Boruta, Marketing Manager at Spaceflow

While the majority of our clients are owners of commercial buildings, in the current situation we want to focus more on the residential sector. As it's now very important to communicate as quickly as possible and without actually connecting in the physical space, we believe that there will be a momentum for tenant apps. We have made it possible for space operators, building owners and neighbour communities to start Spaceflow in a self-service mode through our new website that was launched last week. In these difficult times, communities are more important than ever and we are hopeful as we see that people in residencies and co-living projects offer help to each other through the app.

As bulletin boards are being replaced with community platforms, the ability to convey a message quickly and seamlessly, in selected buildings or portfolio-wide, seems to be even more crucial for property managers as well. Many of them have started sharing tips on how people can protect themselves and each other from the virus, in addition to sharing the precautions they have introduced. 




Latest news


New leases

  • Premium office operator Hotspot has expanded its flexible workspace footprint within Bucharest's The Mark building by approximately 700 sqm to meet rising corporate demand. The expansion brings the total area of private office and coworking spaces at the Hotspot Workhub sites to approximately 2,552 sqm.
  • Stook Concept has leased a 3,600 sqm module within building C2 at the MLP Bucharest West logistics centre. The facility comprises approximately 3,500 sqm of warehouse space and 100 sqm of offices. The building is in its final construction phase, with handover scheduled for later this quarter. Colliers represented the tenant in the transaction.
  • DXC Technology has extended its lease agreement for office space in Warsaw’s Skyliner tower, securing its tenancy until 2032. The global IT services leader will continue to occupy nearly 4,600 sqm of office space distributed across three floors of the Karimpol Group’s flagship development.

New appointments

  • BNP Paribas Real Estate Poland has expanded its Industrial and Logistics Agency team with the appointments of Joanna Choromańska, formerly of JLL, and Bartosz Wilczyński, previously with CBRE. The new hires bring a combined 34 years of experience in sector sales, lease negotiations, and build-to-suit project delivery to support the division's ongoing growth.
  • Speedwell has expanded its industrial and logistics team with the appointment of Valentin Achim as Leasing and Property Manager for Industrial Developments. Achim brings extensive experience in coordinating commercial and operational activities within the logistics and industrial sectors. In his new role, he will oversee the development and expansion of the company's Spaceplus platform.
  • Colliers has appointed Kata Mazsaroff, Tamás Beck, and Miklós Ecsődi as Equity Partners in Hungary, effective 30 April 2026. Mazsaroff, who joined in 2007, rises to Managing Partner after overseeing a 200 per cent revenue increase since her 2022 appointment as Managing Director. Beck, with Colliers since 1994, has led the Industrial & Logistics division since 2005, facilitating transactions covering 1.9 million sqm of built space and 9.8 million sqm of land. Ecsődi, Head of Occupier Services and Office Agency since joining in 2011, has secured over 450,000 sqm in leases valued above €600 million.


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