Shopping malls are an example of the lasting impact that the global pandemic is likely to have on real estate. If the surge in online shopping represents a new normal, then what is to become of all those malls? In a recent Article, author Parija Kavilanz explores that question. According to data from research firm (REIS) Moody’s Analytics, the rate of mall vacancies is at a historic high of 9.8% in early September, exceeding the previous peak of 9.3% in 2011.Continue reading
Can we ever go back to the way things were? That’s the question Manon DeFelice asks in a recent Article that explores the return to the office. The article provides some interesting insights. For instance, about 62% of Americans say they have worked from home during the COVID-19 pandemic, according to a recent Gallup Poll. A majority (59%) of those individuals say that remote work would be welcome post-pandemic. One of the concerns often stated about remote work is the impact on productivity. Well, Ms. DeFelice shares results from a YouGov Survey that found 54% of professionals ages 18-74 felt that working from home has had a positive impact on their productivity.
Prognosticators continue to point to massive shifts in the aftermath of COVID-19. In this recent Article, author Bhaskar Majumdar explores an aggressive convergence of the physical and digital worlds. Pointing to the domains that have already converged – education and entertainment – Mr. Majumdar sees this phenomenon overwhelming all aspects of our lives. In the near future, he sees it impacting banking, medicine, trade, shopping, dining and sports. As we come to terms with social distancing in a post-COVID world, some level of change is inevitable.
The COVID-19 crisis is fast-moving with information bombarding us in real-time. On this Tuesday morning, as we awake to more isolation and rising numbers, there is much to consider across every domain. Some like Enrique Dans are writing about the changes coming to Education. Issues like a drop in school attendance, obsolescence of teaching methods, technology barriers of entry to education, and an aversion to face-to-face interaction are likely to change education as we know it. As it is with every domain, institutions, academic directors, teachers or students who are unable to adapt will simply have no place in this new scenario. As a new normal emerges, educators are likely to revise their teaching methods and evaluation approaches, among other things.