Revealed: Trends that will shape real estate sector post-coronavirus times – ZAWYA

Revealed: Trends that will shape real estate sector post-coronavirus times – ZAWYA

While the coronavirus outbreak has devastated a lot of companies in various sectors worldwide, firms in real estate can adopt several strategies to ensure business continuity, according to JLL.. "Deploying technologies that create a differentiated customer experience and support investors and landlords in understanding their asset better, will ensure asset resilience and longevity," Salbak said.. Life cycle asset management (LCAM) is very important in this approach, the report showed.. LCAM involves taking a more integrated approach that optimises the life cycle of physical assets from design to disposal.. "While the requirement for effective life cycle asset management strategies falls most directly on building owners, potential investors also have a strong vested interest in the long-term performance of assets they are developing or seeking to purchase," JLL said.. Building owners will benefit from sustainability measures directly through a reduction in energy and other operating costs in the long term..