Forbes.com reports that there will be a notable shift in tenants pushing to reduce their exposure by reducing their commercial square footage. Tenants with teams of over 10 people will leave the shared spaces, if they haven’t already, until it is safe to congregate in groups again.
This is a fact that real estate brokerages are already beginning to see. In order for new potential tenants to make quick decisions, they’ll need verified information and access to units — although they may not want to or be able to visit them in person until the pandemic threat has passed.
Real estate owners and brokers will have to provide potential future tenants with quick and detailed information in order to successfully lease their properties by utilizing digital tools like:
- Virtual tours.
- 3D floor plans.
- Space plans that can be customized to the tenants’ needs (and quickly).
- Built-in furniture plans and pricing.
- Realistic renderings of what the finished space may look like, if it’s not already in move-in condition.
- Easy access to a lawyer and notary if a deal is to be completed.
Brokers, with the help of landlords, have to be able to show leasable spaces in a virtual modality and consider allowing tenants to make their deals conditional on a final walkthrough of the space. And it seems only natural for us to be moving in this direction. With most real estate consumers locating, researching and communicating digitally today, the sensible choice would be to move more of our industry online.
For commercial real estate brokers, this is a call to think forward, don’t you think?
The actions that we as an industry take now amidst a crisis will only add to a more robust real estate landscape in the future — one that transcends the physical world. Up until now, real estate has been sorely lacking in the tech field, failing to leverage the tools that were once considered unnecessary or overrated.
However, tools like augmented reality, 3D virtual tours and digitized floor plans will start to be used on a mass scale. In the end, I predict that the real estate industry will come out of this lockdown with innovation, more refined and in-tune with our consumers than ever before.
The need for skill for such virtual show to be done is also seen to boom in the very near future, a skill that not all real estate agents and brokers may possess but one they could delegate to their assistant, their virtual assistant perhaps.
If so, SUMMIT VA SOLUTIONS has exactly who you need!
Real Estate Trained, College Educated, Background checked, and DISC tested professionals who are tech-savvy to help with you and your business grow in amid this time of heightened concern and beyond.
Interested to learn more?
Email us at firstname.lastname@example.org or call us at (877) 561-2778 for more information.
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About the writer: Shaura Cuyan writes about all the hottest Real Estate trends and predictions for Summit VA Solutions! She has previously written for a number of freelancing gigs and writes her own blog on lifestyle and current issues. She is a Graduate of Bachelor of Arts in Communication, taking up her Masters in Development Communication.