The real estate expert Will Darbyshire gives an analysis of the impact that the Covid-19 crisis could have on the professional and commercial real estate.
Will Darbyshire is an expert of the real estate industry and editor at Unissu, a platform which brings together proptech professionals. In his post of March 25th, 2020 What is the biggest lesson to learn? he shares his feelings about the Covid-19 crisis, what it reveals about the real estate world and the consequences it could have on the professionals who make it.
In real estate, when times are good, it is easy for professionals to understand their place within society, easy for them to set goals and work towards them. Now, with the role of commercial real estate largely removed, it wouldn't be surprising if many professionals were entering a period of existential crisis.
According to the article, the health crisis that is already causing a social and economic crisis will also drive an existential crisis inside the real estate industry which is already largely affected by the first three. Professionals will have to give more meaning to their activities through the one they will give to the assets they have under management.
Now that a huge chunk of our industry has been locked down, now that commercial tenant management solutions have no tenants to work with, and now that motion sensors have no motion to sense, the purpose we all thought we were serving has suddenly evaporated.
He completes his intuition by insisting on the sudden reconsideration of the usefulness of certain proptech solutions in a world that has been stopped.
We take these thoughts as an invitation to keep on innovating to transform our sector
MYRE was born out of the need to open up professional real estate business and make synergies possible between its actors. Because of the Covid-19 crisis, we note that our platform fulfills its promises allowing our customers to pursue their activity and to collaborate both efficiently and remotely to keep data asset management alive.
Since the very beginning, we set the goal to bring more transparency and collaboration in the real estate industry. We found it necessary to empower asset managers and give them a tool to tackle the evolution of a global business and adapt it to the challenges of our time.
We now face these challenges and we don’t think that a world which has stopped is ever going to turn around. This is why the data, which were the new fuel for world transformations before the crisis, will become a valuable resource to find the meaning to give to our real estate activities.
It will be by managing each asset data and hence improving their reliability and the way they analyze them, that asset managers and their team will be able to define the real value of a property and the role it should play in a territory and its economy.
The commitment of our team within the proptech sector is not just about providing a technological answer to real estate professionals. We are working to create an environment of trust that is at the same time an effective tool for an entire ecosystem so that it can fulfill its social and economic utility.
