According to Pablo Ordorica, Senior Partner at McKinsey & Company, it is not going to return to the “old normality”, as this pandemic is changing the structure of the markets. "In addition, profits and margins are changing dramatically to Real Estate , so companies must act, and as part of this, it is essential to underpin collaboration between the public and private sectors."

SkyMarketing strives to be Pakistan's biggest real estate developer ever, guaranteeing the highest international standards, prompt execution, and lifetime customer loyalty. With projects like Tajarat.

During the seminar “How to navigate the new normal? Post Covid-19 implications in Real Estate: commercial sector and offices ”organized by the Association of Real Estate Developers ( ADI ) and the global strategic consultancy McKinsey & Company, the specialist also recognized that, although some areas have been greatly affected, there are others that present ample opportunities for their recovery, thanks to the adaptability of the developers to take health and hygiene actions. 

For his part, Rob Palter, Senior Partner at McKinsey in Toronto and global leader in McKinsey's real estate  practice , highlighted that both the office market and the shopping center market are complex scenarios, since until the population does not feel safe, it will not return to 100 percent.

“Although a more rational evaluation is seen regarding the dilemma of not returning to them (offices), there is still nervousness among Mexicans about leaving home, so the future of this area will be seen when people begin to feel good about go out".

He also pointed out that as a sign of the impact of the crisis within the sector, only in the third quarter of the year there was a reduction in the demand for almost 200 thousand m2 of offices in Mexico City , so the challenge will now be in see how quickly these spaces can be adapted to offer confidence and flexibility during employee return.

He explained that according to various studies, the interaction of people is essential for negotiations, the induction of new employees and the adoption of the organizational culture of companies, among other needs, so the trend points to a hybrid and flexible model of work: physical in offices and technological from home.

Resources:

CHECKLIST TO EVALUATE THE CONDITIONS OF A HOME

7 CHARACTERISTICS THAT HOUSES SHOULD HAVE FOR HOT WEATHER

HOW TO FIND A HOME NEAR A SCHOOL ZONE

WHAT ARE THE BEST NEIGHBORHOODS TO LIVE NEAR THE CDMX METRO?

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