8 Post COVID-19 predictions, ideas and educated guesses affecting the real estate industry
First things first, what can the property industry do to immediately respond to COVID-19?
If you haven’t already done it, the first thing that any property should do is educate its tenants. Whether the building is multifamily, offices, retail, or any other space, building tenants need to be aware of what steps they can take to prevent more people from getting sick. Awareness and education are crucial in managing the current situation. Whatever communication tool used to inform tenants and users of a space must include information about what the disease is, how to prevent it, what the property is doing to be proactive, how they are monitoring the situation going forward and what tenants can expect as far as future updates.
Simultaneously, properties should be implementing disease control measures, such as more frequently scheduled cleanings, stocking up on disinfectants and supplies, providing access to hand sanitizer and disinfecting wipes in all common areas, and ensuring frequently touched surfaces (counters, door handles, devices, etc.) are being cleaned daily, if not more.
