<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.assetsoft.biz/blogs/tag/reopening-buildings/feed" rel="self" type="application/rss+xml"/><title>Assetsoft - Blog #Reopening Buildings</title><description>Assetsoft - Blog #Reopening Buildings</description><link>https://www.assetsoft.biz/blogs/tag/reopening-buildings</link><lastBuildDate>Sun, 26 Apr 2026 22:49:38 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[How Commercial Real Estate Companies Are Looking to Fight Empty Spaces ]]></title><link>https://www.assetsoft.biz/blogs/post/How-commercial-real-estate-companies-are-looking-to-fight-for-empty-spaces</link><description><![CDATA[<img align="left" hspace="5" src="https://www.assetsoft.biz/Commercial Real Estate Companies - empty spaces - square.jpg"/>With the pandemic, the commercial real estate industry is suffering from a lack of tenants. Many markets around the world are witnessing decades-high vacancy rates, and the challenge for them to stay afloat is innovate. So, what are real estate businesses doing?]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_f42OiICqT-Wl6hMaQPCRXg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_ccLZMXGPQw2Edh2_5ExO3g" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_wfKgUd9URACrGn6vJNKKIg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_wfKgUd9URACrGn6vJNKKIg"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_vFi147IILmaTJOs71tM4fw" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_vFi147IILmaTJOs71tM4fw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Commercial%20Real%20Estate%20Companies%20-%20empty%20spaces%20-%20rectangle.jpg" size="large" data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_kb2j8S1bRrCRC5VtJ7GzDA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_kb2j8S1bRrCRC5VtJ7GzDA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p style="text-align:left;"><span style="font-size:11pt;"><span>One of the biggest concerns for real estate during the pandemic has been vacancy rates. Residential real estate has experienced noticeable growth thanks to remote work and lockdown guidelines. Despite financial troubles from tenants, demand is still high.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p style="text-align:left;"><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p style="text-align:left;"><span style="font-size:11pt;"><span>The same reasons why residential real estate has been doing fine are also responsible for&nbsp;its commercial counterpart's troubles. In these times, innovation becomes more than an advantage.&nbsp;It's&nbsp;vital for survival.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p style="text-align:left;"><span style="font-size:11pt;">&nbsp;</span></p></div><p style="text-align:left;"><span style="color:inherit;"></span></p><div style="font-size:12px;"><p style="text-align:left;"><span style="font-size:11pt;"><span>That's&nbsp;why we'll go through how different companies have curbed the difficulties, as well as a few tips to help you do the same if you're struggling.</span>&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_12d2AoUIb6jZ9t5e8_DcAQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_12d2AoUIb6jZ9t5e8_DcAQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">How the Pandemic Has Influenced Commercial Real Estate&nbsp;</span><br></h2></div>
<div data-element-id="elm_ibzALTlVyI0BvYYY11YZ5A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ibzALTlVyI0BvYYY11YZ5A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><a href="https://www.timesunion.com/business/article/Pandemic-has-accelerated-changes-in-commercial-15864756.php" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">As the Times Union explains</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">,</span> you&nbsp;can't&nbsp;stay in the past if you want commercial real estate to survive. The current landscape is experiencing situations no one could envision before, and the pandemic has demonstrated that nothing is impossible.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The article points out several intriguing cases of how innovation has been synonymous with survival these days.</span>&nbsp;</span></p></div></div></div></div>
</div><div data-element-id="elm_7iNLyjYRCwPfFEldSFtvkA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_7iNLyjYRCwPfFEldSFtvkA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Opportunity from Change&nbsp;</span><br></h2></div>
<div data-element-id="elm_qEQcNd317kOCywv-abbPrw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_qEQcNd317kOCywv-abbPrw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Firms have had to adapt to new sectors, from retail to office and more. The crisis has tipped the entire market's dynamic. The retail industry saw the biggest hit, with malls and stores closing during lockdowns.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Traditional markets, like hospitality, were clear losers. However, industries like storage and industrial real estate have flourished thanks to the demand for more storage and distribution support.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_ecfU7GnRNK5CmV9ACO1tSg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ecfU7GnRNK5CmV9ACO1tSg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;"><span style="font-size:14pt;">Office Space During the Crisis&nbsp;</span></span><br></h2></div>
<div data-element-id="elm_e1SSQxXehlAPQv2Jjwx-3Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_e1SSQxXehlAPQv2Jjwx-3Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Office space has definitely been one of the largest casualties of the pandemic. Remote work will likely remain as well, thus decreasing demand for this sector. Sure, offices&nbsp;won't&nbsp;disappear, but many businesses will need them less in the future.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>We need to consider that work training and culture comes from the offices. That means office spaces will experience a re-direction towards these needs. Additionally, many people will prefer offices over remote work, thus breeding the need for space flexibility.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_PJkmqTpDOgb7sNCxGMCC7Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_PJkmqTpDOgb7sNCxGMCC7Q"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;"><span style="font-size:14pt;">Survival from Diversification&nbsp;</span></span><br></h2></div>
<div data-element-id="elm_o4j6dod2ySaeiEIF_ISJYg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_o4j6dod2ySaeiEIF_ISJYg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;">Even the largest CRE firms have endured massive losses. On the other hand, companies in the logistics market, including deliveries, have benefited during the pandemic. Therefore, knowing the right tenants could boost your income, like residential real estate.</span><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The key lies in identifying which sectors have experienced growth during the pandemic. You want to market your spaces to these companies. Luckily, upcoming vaccination availability will only increase the number of recovering markets.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_njbCPjIxzu9q2t_sArNkiQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_njbCPjIxzu9q2t_sArNkiQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">COVID-19 and Its Implications&nbsp;</span><br></h2></div>
<div data-element-id="elm_uayaa6RxXKwuEPj98btw2A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_uayaa6RxXKwuEPj98btw2A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>On the other hand, Deloitte has a detailed report about&nbsp;</span></span><a href="https://www2.deloitte.com/us/en/insights/economy/covid-19/covid-19-implications-for-commercial-real-estate-cre.html" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">COVID-19's impact on commercial real estate</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">.</span>&nbsp;It's&nbsp;a comprehensive report, with evolution as its&nbsp;central&nbsp;thesis.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>However, we'll focus on the virus's implications on different commercial real estate sectors. It also offers&nbsp;excellent insight into how companies could recover and flourish amid these dire times.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_KVEOnDFjXz2njPcftxBlXQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_KVEOnDFjXz2njPcftxBlXQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;"><span style="font-size:14pt;">Specialized Sector Changes&nbsp;</span></span><br></h2></div>
<div data-element-id="elm_i0EawJtv-BzGr0KMtYkleQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_i0EawJtv-BzGr0KMtYkleQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><span style="color:inherit;"><div style="font-size:12px;"><p><span style="font-size:11pt;">The real damage to real estate comes from its tenants. If&nbsp;they're&nbsp;struggling because of the pandemic, property managers will follow suit.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">Therefore, the article details several CRE subsectors and how the pandemic has influenced them.&nbsp;</span></p></div></span></div>
</div><div data-element-id="elm__k_IDfA0p32Q3o9oePjQnQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm__k_IDfA0p32Q3o9oePjQnQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">REITs&nbsp;</span><br></h2></div>
<div data-element-id="elm_vY0Rr78elWTM4Tj9fSFpsw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vY0Rr78elWTM4Tj9fSFpsw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><span style="color:inherit;"><div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>REITs have experienced diverse impacts depending on the type of property. Data centers have grown during the pandemic, yet hotels and retail spaces plummeted amid regulations.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Naturally, any property type that depends on foot-traffic&nbsp;has been a loser during the pandemic. The same is true for property tours thanks to social distancing, thus slowing down deals.</span>&nbsp;</span></p></div></div></span></div></div></div>
</div><div data-element-id="elm_oWXnWoTg9vob9r9_c5S5tA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_oWXnWoTg9vob9r9_c5S5tA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Building Development&nbsp;</span><br></h2></div>
<div data-element-id="elm_K0uH8irmG1JqB_s3lCQM_Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_K0uH8irmG1JqB_s3lCQM_Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Homebuilders and development companies have a promising future in many sectors. However,&nbsp;they're&nbsp;still suffering from project delays and lower cash flow.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Countless firms have experienced entire project suspensions during the crisis. Those still active still need to endure strict guidelines, thus indirectly delaying them.</span>&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_EwfJNxhpqLNm1yJrG4lByA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_EwfJNxhpqLNm1yJrG4lByA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Private Equities&nbsp;</span><br></h2></div>
<div data-element-id="elm_1koSrI6O9OlbLmsO-V4O1w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_1koSrI6O9OlbLmsO-V4O1w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Luckily, there haven't been immediate declines for these investments because they're not public. According to Deloitte, most investors focus on aiding portfolio firms.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>We do need to note that they might change their allocations to curb risks while playing towards opportunities. Therefore, resilient investments, like data centers, might enjoy more attention.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_Evsr-FkZHyqHGYBiBl5MZw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Evsr-FkZHyqHGYBiBl5MZw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Proptech&nbsp;</span><br></h2></div>
<div data-element-id="elm_adB1v8HTRCC8WpUgX96JDQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_adB1v8HTRCC8WpUgX96JDQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Like REITs,&nbsp;Proptech&nbsp;fare differently depending on their services. For instance, coworking spaces have suffered because of social distancing.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>On the other hand,&nbsp;Proptech&nbsp;focusing on digital services, like property management software providers, are&nbsp;different stories. Many&nbsp;actually&nbsp;help companies overcome the pandemic's challenges, thus profiting considerably.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_CAUrq2PmtucUxjdeuQ2_Qg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_CAUrq2PmtucUxjdeuQ2_Qg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">Experts' Steps for Overcoming Coronavirus&nbsp;</span><br></h2></div>
<div data-element-id="elm_ZmIWPE8x7-_UMKZhVu3VNg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ZmIWPE8x7-_UMKZhVu3VNg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">The article also offers excellent insight into how companies have managed to survive during the pandemic. While&nbsp;it's&nbsp;a significant list, we'll summarize the most important suggestions.&nbsp;</span></span><br></p></div></div></div>
</div><div data-element-id="elm_P0lt_VeAdshERYwGCXCYKw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_P0lt_VeAdshERYwGCXCYKw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Response&nbsp;</span><br></h2></div>
<div data-element-id="elm_NMciT9Fewa14XShc7-BBVA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_NMciT9Fewa14XShc7-BBVA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Immediately addressing short-term complications is vital for survival. Liquidity management is often the first step taken. It includes addressing dividend rates and payments, refinancing, and leveraging credit.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Tenant support is also vital during the pandemic while optimizing operations. Interestingly, many property owners have repurposed their properties into quarantine centers. That includes accommodating healthcare personnel as well. Other options include digital adoption for payments and requests and adjusting rents.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Finally, technological implementation becomes vital during COVID-19. Using modern management software&nbsp;(like Yardi, MRI Software &amp; Procore)&nbsp;enables your resources to work remotely, and the same is true for managing your tenants.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_Ypd8A_OT2geGitEsJNk8kg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Ypd8A_OT2geGitEsJNk8kg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Recovery&nbsp;</span><br></h2></div>
<div data-element-id="elm_T7PArWvrn11wjZ2S4aJCfA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_T7PArWvrn11wjZ2S4aJCfA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>After taking proper response protocols, recovery is the next process.&nbsp;It's&nbsp;not passive, however. Companies need to tackle this phase with a strong strategy. The first step is to prepare the spaces and personnel for reopening.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Companies need to consider how unoccupied properties can deteriorate and how to resolve these issues. Successful reopening requires a comprehensive approach, and you&nbsp;can't&nbsp;take it lightly.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Even after reopening, many safety practices will remain popular after the pandemic dies out. Remote work should be encouraged during reopening, and it should remain an option after things go back to normal. Technology implementation and data security are still going to drive innovation as well.&nbsp;Many companies&nbsp;experiment with&nbsp;Robotic Process Automation (UiPath) and others&nbsp;technology&nbsp;to reduce errors and more control over their property operations.&nbsp;</span>&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_VOiMFGyGWBjruOmU7YmLjg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_VOiMFGyGWBjruOmU7YmLjg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">The Effects of Empty Retail Space&nbsp;</span><br></h2></div>
<div data-element-id="elm_yvsa5KzhNI22tKvPxM8vfw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_yvsa5KzhNI22tKvPxM8vfw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Retail stores have been emptier than ever. The fact that regulations demand to avoid crowding does little to alleviate the situation.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Real Estate Express has&nbsp;</span></span><a href="https://www.realestateexpress.com/career-hub/blog/empty-retail-space-news/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">a useful article about the issue</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">.</span> It details how empty retail spaces have impacted the industry, as well as a few helpful resources.&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_COWhc4Kzk_YXGST5CbFrlg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_COWhc4Kzk_YXGST5CbFrlg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Current Developments for Empty Chains&nbsp;</span><br></h2></div>
<div data-element-id="elm_e2SJpUeGfyrP0iTKtxg_PQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_e2SJpUeGfyrP0iTKtxg_PQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Even huge chains, like Kmart, have faced serious problems. For instance,&nbsp;</span></span><a href="https://edition.cnn.com/2020/05/20/business/sears-bankruptcy/index.html#%3A%7E%3Atext=Sears%20Holdings%2C%20which%20owned%20Sears%20and%20Kmart%2C%20went%2Cexiting%20bankruptcy.%20And%20that%20was%20before%20the%20crisis." target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">Sears recently filed for bankruptcy</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">.</span> Most likely, larger spaces will split into smaller rental options for flourishing companies.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Perspectives buyers for these spaces include many companies in the&nbsp;growth-industries as mentioned above. Prominent names include Amazon and U-Haul.</span>&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_1SRrMaphPf7h9beW4qJ8Mw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_1SRrMaphPf7h9beW4qJ8Mw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">Recommendations for Empty Space Monetization&nbsp;</span><br></h2></div>
<div data-element-id="elm_BUAJIhPqNDeD1F_0N-Wppw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_BUAJIhPqNDeD1F_0N-Wppw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Now, empty space&nbsp;doesn't&nbsp;have to mean loss. When we mention property management innovation, we mean it completely. You can benefit from your unoccupied properties. You only need to figure out the right approach.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>That's&nbsp;why resources like&nbsp;</span></span><a href="https://www.thestorefront.com/mag/monetize-empty-retail-space/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">Storefront Magazine's monetization tips</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">&nbsp;</span>can be lifesavers. It might not sound ideal for&nbsp;you, but&nbsp;learning to think differently could make the difference between life and death (financially speaking).&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_eiW0pZlrdZLB3Zxwj5ew7A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eiW0pZlrdZLB3Zxwj5ew7A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Renting to Pop-Up Retail&nbsp;</span><br></h2></div>
<div data-element-id="elm_-9XGUgX7b1h15qfE2gkLTw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_-9XGUgX7b1h15qfE2gkLTw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">Short-term tenants keep your properties occupied while attracting footfall.&nbsp;You'll&nbsp;need to accommodate several features for them, but chances are you already have many of them, like restrooms and Wi-Fi. Just make sure to offer a neutral space to aid their branding.&nbsp;</span></span><br></p></div></div></div></div>
</div><div data-element-id="elm_SzTHC6evnWnOE8_6-mXxqw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_SzTHC6evnWnOE8_6-mXxqw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Private Events&nbsp;</span><br></h2></div>
<div data-element-id="elm_vyuJpkUGSFUgzi-dgYf0qw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vyuJpkUGSFUgzi-dgYf0qw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span lang="EN-CA" class="TextRun SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW106258380 BCX9" style="background-color:inherit;">Sure, events&nbsp;</span></span><span lang="EN-CA" class="TextRun SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW106258380 BCX9" style="background-color:inherit;">aren</span></span><span lang="EN-CA" class="TextRun SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW106258380 BCX9" style="background-color:inherit;">'</span></span><span lang="EN-CA" class="TextRun SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW106258380 BCX9" style="background-color:inherit;">t</span></span><span lang="EN-CA" class="TextRun SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW106258380 BCX9" style="background-color:inherit;">&nbsp;too popular during the crisis, but as vaccination becomes more available, people will feel desperate to go out. Meeting this demand early on could provide solid returns to aid your recovery.</span></span><span class="EOP SCXW106258380 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;">&nbsp;</span><br></p></div></div></div></div>
</div><div data-element-id="elm_P3ja2Kil4w_cx4Ukv0JVPQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_P3ja2Kil4w_cx4Ukv0JVPQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">Marketing Tips for Vacant Properties&nbsp;</span><br></h2></div>
<div data-element-id="elm_H6yZWAKTgok4hzUe7WLofA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_H6yZWAKTgok4hzUe7WLofA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Finally, we want to close this article with more good news. This time,&nbsp;we're&nbsp;adding even more tips to help you make the most out of vacant spaces.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Tweak Your Biz has an entire list of marketing ideas for derelict space reuse. Now,&nbsp;&quot;derelict&quot;&nbsp;might sound extreme but&nbsp;don't&nbsp;worry. These recommendations are helpful for vacant properties in general.</span>&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_R3qDNNnO4sh1bKX1Q2Gugw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_R3qDNNnO4sh1bKX1Q2Gugw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Advertising&nbsp;</span><br></h2></div>
<div data-element-id="elm_TG5cQPyJrmZgmkRU2NHrEA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_TG5cQPyJrmZgmkRU2NHrEA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span lang="EN-CA" class="TextRun SCXW105283103 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;"><span class="NormalTextRun SCXW105283103 BCX9" style="background-color:inherit;">Window displays and blank walls make prime advertising opportunities for multiple companies. You could offer vacant spaces for them to advertise your products, although compromising your walls might be too much. However, offering your walls to non-profits could give you a good marketing boost.</span></span><span class="EOP SCXW105283103 BCX9" style="background-color:rgb(255, 255, 255);font-size:11pt;line-height:19.55px;">&nbsp;</span><br></p></div></div></div></div>
</div><div data-element-id="elm_9IXNRtQW1DedPbUSOPGlmg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_9IXNRtQW1DedPbUSOPGlmg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Viral Marketing&nbsp;</span><br></h2></div>
<div data-element-id="elm_dwf6W0ow6A7jk-d7GfZhiA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_dwf6W0ow6A7jk-d7GfZhiA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">Vacant urban properties are excellent for viral marketing. Companies like Nokia have made entire marketing campaigns out of projections on walls. Graffiti is a modern way to communicate your company's message while gaining popularity among younger audiences.&nbsp;</span></span><br></p></div></div></div></div>
</div><div data-element-id="elm_yha980XcyTzEAq5wRSmKXA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_yha980XcyTzEAq5wRSmKXA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Virtual Shop-Fonts&nbsp;</span><br></h2></div>
<div data-element-id="elm_HGtrbsifU7W4oU3JhxQWUQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_HGtrbsifU7W4oU3JhxQWUQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">Using 3D design to mimic occupied spaces with real shops is a great advertising method. These graphics imitate occupancy almost perfectly, offering excellent insight into the potential for shops renting your space.&nbsp;</span></span><br></p></div></div></div></div>
</div><div data-element-id="elm_yqPuxBPjEep0QPzWA7qvTw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_yqPuxBPjEep0QPzWA7qvTw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Repurposing Office Space&nbsp;</span><br></h2></div>
<div data-element-id="elm_XWfz0IZ6dyyg0x5T30khTA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_XWfz0IZ6dyyg0x5T30khTA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">You can make the most out of vacant offices by allowing other companies to repurpose them. Like we mentioned, other companies have lent their commercial properties to the healthcare sector to allocate personnel or create quarantine centers. You can also rent out portions of your property as smaller and cheaper office units.&nbsp;</span></span><br></p></div></div></div></div>
</div><div data-element-id="elm_jrTwFb61s22oyO1Q5a9yXQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_jrTwFb61s22oyO1Q5a9yXQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Creating Venues&nbsp;</span><br></h2></div>
<div data-element-id="elm_cMpYrloNjSaHKNGf2Etj9A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_cMpYrloNjSaHKNGf2Etj9A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:inherit;"><span style="font-size:11pt;">Again, the upcoming vaccines promise recovery in the future. As people feel safer, festivals, meetings, and other live events will become extremely popular. You can offer vacant spaces for that while you find tenants who have recovered from the crisis.&nbsp;</span></span><br></p></div></div></div></div>
</div><div data-element-id="elm_PRfFQA5XUj47ibfVevCD0g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_PRfFQA5XUj47ibfVevCD0g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:21px;">Storage&nbsp;</span><br></h2></div>
<div data-element-id="elm_GJR0Z2UGAdA7_dbdiuBNow" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_GJR0Z2UGAdA7_dbdiuBNow"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>During the pandemic, storage facilities have experienced some of the&nbsp;most significant demand in the industry. You can offer your properties as storage units with minimal accommodations for noticeable returns.</span>&nbsp;</span><span style="font-size:11pt;">&nbsp;</span></p></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Sun, 24 Jan 2021 20:31:47 -0500</pubDate></item><item><title><![CDATA[Interesting Predictions for Australian Real Estate After the COVID Crisis]]></title><link>https://www.assetsoft.biz/blogs/post/Interesting-predictions-for-Australian-real-estate-after-the-COVID-crisis</link><description><![CDATA[<img align="left" hspace="5" src="https://www.assetsoft.biz/Australia blog 1 - square.jpg"/>As restrictions begin to give way again, the real impact of COVID-19 in the long-term is still a mystery. Some of the most intriguing expectations for Australia include hard hits for the medium-term, but some markets might perform better than you may believe.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_bvzUjd2sSDGHXCAbb_pLqQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_9XzaF0U-TTm7hTaWC-6Xbw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_SqTsHlqaSCKPkQNtkIaqDA" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_EBOPxU7fTa-OOixxVL1efQ" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_EBOPxU7fTa-OOixxVL1efQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Australia%20Blog%201%20-%20rectangle.jpg" size="large" alt="Interesting Predictions for Australian Real Estate After the COVID Crisis" data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_vndopo1AS1mkEstt0fc5yg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_vndopo1AS1mkEstt0fc5yg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-center " data-editor="true"><span style="color:inherit;font-size:26.6666px;">Interesting Predictions for Australian Real Estate After the COVID Crisis</span><br></h2></div>
<div data-element-id="elm_4w1qVbYj7oP2cvAgWSIgTA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4w1qVbYj7oP2cvAgWSIgTA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The COVID crisis has failed to set a standard&nbsp;for&nbsp;how countries are coping with its effects. Some have curbed losses successfully, whereas others have experienced the full extent of the pandemic.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p style="text-align:left;"><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>You can find countries facing strong recessions and others remaining healthy in the same vein, both financially and healthcare-wise. Australia is one interesting combination of the two. Some regions haven’t held up as effectively, but others&nbsp;show&nbsp;promising futures for the real estate sector.</span>&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_3hrSugXtwjkF5kTGXqpCJQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_3hrSugXtwjkF5kTGXqpCJQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">Western Australia's Economy is Holding Up&nbsp;</span><br></h2></div>
<div data-element-id="elm_E3D5iTNrkXseZcVOQFuujw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_E3D5iTNrkXseZcVOQFuujw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Most people will agree that the worst part of COVID is subsiding. Restrictions are easing up, and vaccines are starting to reach the population. That said, the long-term repercussions are somewhat obscure yet.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><a href="https://thewest.com.au/lifestyle/real-estate/long-term-impacts-of-covid-19-on-the-property-market-c-1053182" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">The West Australian</span></span></a><span style="font-size:11pt;"><span>&nbsp;shares some intriguing insight into the future of the economy as the COVID pandemic settles. In real estate, WA is offering surprising signs of its financial health. While April did come with a decline&nbsp;in&nbsp;sales activity, transactions have recovered surprisingly fast.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>In fact,&nbsp;May&nbsp;saw more sales than the previous month.</span>&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_bjvI50SKydSl9RW8DfN6vw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_bjvI50SKydSl9RW8DfN6vw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">What do the Experts Report?</span><br></h2></div>
<div data-element-id="elm_T7hkMbiC3q8f7YkbEYRyRw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_T7hkMbiC3q8f7YkbEYRyRw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The first point made by the article comes with reports about buyer interest. It paints a&nbsp;fascinating picture of the difference between buyer demand and real property supply. Sellers have been hesitant about returning to the market.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Listed properties for the Perth region oscillate under the 12,000 mark, marking a noticeable low. It’s worth noting that this city comes&nbsp;first&nbsp;for affordability, with a $477,000 median for housing prices. It also contrasts nicely with the above-average salaries when compared to other cities.</span>&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_W3zcc5HtnrlV78JfyxHPqA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_W3zcc5HtnrlV78JfyxHPqA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">The Rental Market&nbsp;</span><br></h2></div>
<div data-element-id="elm_CV-Hkuey63YEMpCO5dbJYA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_CV-Hkuey63YEMpCO5dbJYA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>When it comes to renting, the market hasn’t been as promising as its buying counterpart. Perth experienced a decline in April for lease listings, but it seemed to pick up in May. We must point out that easing restrictions&nbsp;appeared to be an&nbsp;essential&nbsp;stimulus for this recovery.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Curiously, the rental market saw more activity in leases than the previous month. That said, the rental market is still facing the highest risk in the real estate industry.</span>&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ruSJyPimmbjYf4pVehiN8g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ruSJyPimmbjYf4pVehiN8g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">Not All of Them Will Remain Healthy&nbsp;</span><br></h2></div>
<div data-element-id="elm_h9DZCfuKbEB_T9wBuu67Ww" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_h9DZCfuKbEB_T9wBuu67Ww"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Finally,&nbsp;the article signals that the pandemic might hit rentals the hardest. Inner-city sectors might be the most problematic ones, mainly Sydney and Melbourne. These markets are quite different from Perth, which is looking to be one of the best markets for recovery.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>That said, Melbourne and Sydney have managed to hold up during the pandemic. During the first quarter, rental offers actually increased&nbsp;by&nbsp;over 30% for both regions. However, it still pales in comparison to Perth.</span>&nbsp;</span></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_EMmnul83IxOYMYBrntP7TQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_EMmnul83IxOYMYBrntP7TQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">Holding Up How Has Australia Handled the Crisis?</span><br></h2></div>
<div data-element-id="elm_dV5eIcN1EZMI3RVL9adhnw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_dV5eIcN1EZMI3RVL9adhnw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Australia’s COVID measures naturally play a&nbsp;significant&nbsp;role in determining how the market can recover. Economic support has been quite generous for Australians, providing a&nbsp;good&nbsp;cushion to curb the pandemic’s economic hit.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><a href="https://home.kpmg/xx/en/home/insights/2020/04/australia-government-and-institution-measures-in-response-to-covid.html" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">According to KPMG</span></span></a><span style="font-size:11pt;"><span style="color:rgb(48, 4, 234);">, </span>Australia’s strategy divides into several branches. These include tax measures, employment safety, financial stimulus, and of course, quarantines. We can point out the last three as the most&nbsp;critical&nbsp;factors for the real estate sector.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_BtmQZbjbR9R1Vb6SSMCvUg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_BtmQZbjbR9R1Vb6SSMCvUg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">Employment</span><br></h2></div>
<div data-element-id="elm_QQ7TnXIIDud9CrTJmJuaSA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_QQ7TnXIIDud9CrTJmJuaSA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Australia’s Taxation Office took an interesting approach to aid employment. Instead of banning turnover, it has allowed companies more time&nbsp;to pay&nbsp;salaries. This measure seems like the most important for offsetting unemployment.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>JobKeeper&nbsp;declarations also saw some modifications, mainly for payment eligibility. Employers had to confirm aspects like employee eligibility&nbsp;and GST turnover.&nbsp;</span>&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_hsfpAt-QarX9g2nleYTwtg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_hsfpAt-QarX9g2nleYTwtg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">Economic Stimuli&nbsp;</span><br></h2></div>
<div data-element-id="elm_EFTOdlAXCFK9aKq7lH6NQw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_EFTOdlAXCFK9aKq7lH6NQw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><span style="color:inherit;"><div><p><span style="font-size:11pt;">Besides restructuring measures, the economic stimulus strategy focused on four main aspects. The primary focus of the measures is on tax relief and providing instant stimulus.&nbsp;</span></p></div><div><p><span style="font-size:11pt;">&nbsp;</span></p></div></span><p><span style="font-size:11pt;color:inherit;">The methodology targeted temporary investment allowances for businesses. The same is true for carry-back on losses for businesses to write off losses against 2018 and 2019 profits until June in 2022.</span><span style="font-size:11pt;color:inherit;">&nbsp;</span><span style="font-size:11pt;">&nbsp;</span><br></p><p><span style="font-size:11pt;"><br></span></p><p><span style="color:inherit;"><span style="font-size:11pt;">Most importantly,&nbsp;the&nbsp;legislation also allowed for immediate reductions on personal taxes for salaries. The estimated tax relief circled almost at $19 billion. Hiring credits have also gone to employers hiring eligible employers.&nbsp;</span></span><span style="font-size:11pt;"><br></span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_CM7VEHXpTCovfxszx56cEA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_CM7VEHXpTCovfxszx56cEA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:24px;">Lockdowns</span><br></h2></div>
<div data-element-id="elm_nB9UoBRsrvDwJSOVjkPvzQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_nB9UoBRsrvDwJSOVjkPvzQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><span style="color:inherit;"><div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>Finally, lockdowns have started to ease with specific approaches for every state according to their epidemiology. Some states have reopened restaurants, bars, and cafes. However, they still&nbsp;have to&nbsp;comply with COVID measures.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The&nbsp;same rules go for office work, yet remote work is still encouraged. Gyms, schools, and other facilities are also able to&nbsp;open up&nbsp;while following safety regulations.</span>&nbsp;</span></p></div></div></span></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_WvIzTxJ975ARLE7bPpLlzQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_WvIzTxJ975ARLE7bPpLlzQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-style-none zpheading-align-left " data-editor="true"><span style="color:inherit;font-size:26px;">What do we Think?</span><br></h2></div>
<div data-element-id="elm_WR6Nn4IqQXTSnFm-PqvYPg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_WR6Nn4IqQXTSnFm-PqvYPg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><span style="color:inherit;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The real estate sector in Western Australia looks promising if you know&nbsp;how to spot the signs—and which signs to look for. In our verdict, Perth might be the most alluring market, even after the pandemic ends.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>The main reason is its affordability. Before the pandemic, moving to more affordable sectors often meant sacrificing&nbsp;employment opportunities.&nbsp;However, remote working has shifted the tide in favor of these markets;&nbsp;for now,&nbsp;it’s&nbsp;not necessary to live near the office.</span>&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;">&nbsp;</span></p></div><p><span style="color:inherit;"></span></p><div style="font-size:12px;"><p><span style="font-size:11pt;"><span>If&nbsp;you’re&nbsp;interested in more investment opportunities as the COVID crisis keeps developing and—hopefully—stabilizing, make sure to subscribe to our newsletter. We offer relevant information for your sector, so you get all the data you need to make the best business decisions.</span>&nbsp;</span></p></div></div></span></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 13 Jan 2021 11:38:48 -0500</pubDate></item><item><title><![CDATA[Rules and Regulations Around the World for Reopening Buildings ]]></title><link>https://www.assetsoft.biz/blogs/post/Reopening-Buildings-Around-the-world</link><description><![CDATA[<img align="left" hspace="5" src="https://www.assetsoft.biz/Re-opening building Square image.jpeg"/>The pandemic doesn't seem to end anytime soon. Many countries are now grappling with the prospect of a second coronavirus wave. The U.K. may be heading for a second lockdown. The province of Quebec in Canada has already introduced a second lockdown spanning 28 days from September 29]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_DQpbSqnWT1W_v8ymVk824w" data-element-type="section" class="zpsection "><style type="text/css"> [data-element-id="elm_DQpbSqnWT1W_v8ymVk824w"].zpsection{ border-radius:1px; } </style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_p8-45hxBSM-15oREnj3RJg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"> [data-element-id="elm_p8-45hxBSM-15oREnj3RJg"].zprow{ border-radius:1px; } </style><div data-element-id="elm_JBKayOBHQJGI0BgHIvf0fQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_JBKayOBHQJGI0BgHIvf0fQ"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_vnd6huCCCThhLb6LkMVcYw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_vnd6huCCCThhLb6LkMVcYw"] .zpimage-container figure img { width: 500px ; height: 107.03px ; } } [data-element-id="elm_vnd6huCCCThhLb6LkMVcYw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-medium zpimage-tablet-fallback-medium zpimage-mobile-fallback-medium hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Re-opening%20building%20Rectangular%20image.jpeg" size="medium" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_0pyMkAzyRiajzMhzh4aTCg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_0pyMkAzyRiajzMhzh4aTCg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-center zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p style="text-align:left;"><span style="font-size:16px;">The pandemic doesn't seem to end anytime soon. Many countries are now grappling with the prospect of a second coronavirus wave. The U.K. may be heading for a second lockdown. The province of Quebec in Canada has already introduced a second lockdown spanning 28 days from September 29.</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">While many countries have already decided or opened public and commercial spaces, it's not the same as before.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;">Let's take a look at the rules and guidelines for opening buildings in different countries. As you will see, the basic principles are the same for all governments, focusing on limiting and preventing the transmission of COVID.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;">Let's start with the USA.</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-weight:700;"><span style="font-size:16px;font-style:italic;">North America</span></span></p><p style="text-align:left;"><span style="font-size:16px;">The Centers for Disease Control and Prevention (CDC) has already released guidelines for opening public and commercial buildings. The most important approach is to properly check the facility to ensure it's safe for the occupants.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">CDC advises building owners to focus on&nbsp;three main areas-</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><b><span style="font-size:16px;">Checking for mold growth:</span></b><span style="font-size:16px;">&nbsp;Mold can affect people with compromised immunity or respiratory diseases. Ensuring the building is free from mold growth is necessary to create a safe environment.&nbsp;</span></p><p style="text-align:left;"><b><span style="font-size:16px;">Pest control:</span></b><span style="font-size:16px;">&nbsp;Pests and rodents can damage property and create unhealthy circumstances. So, driving them out before you open your building is crucial.</span></p><p style="text-align:left;"><b><span style="font-size:16px;">Hazards of stagnant water systems</span></b><span style="font-size:16px;">: Stagnant water in your plumbing systems can encourage bacteria's growth and lead to Legionnaires' disease. Use a water management program to deal with the issue.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Additionally, property managers or employers should ensure occupants practice social distancing.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="color:inherit;font-style:italic;"><span style="font-size:30px;"></span><span style="font-size:30px;text-align:center;"><span style="font-weight:700;"><span style="font-size:16px;">Europe</span></span></span></span></p><p style="text-align:left;"><span style="font-size:16px;">Like the rest of the world, Europe is slowly coming back to normalcy. However, the prospect of a second coronavirus wave looms large. Most European countries have rejected the notion of a second lockdown, but we haven't seen the end of the virus.</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">The governments have already issued some guidelines to open public, commercial, and community buildings on their part. The general guidelines deal with checking the facilities to ensure all systems are running without problems.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">In the case of public or commercial buildings, you should do a risk assessment to keep vulnerable people safe. The government advises&nbsp;<a href="https://www.gov.uk/government/publications/higher-education-reopening-buildings-and-campuses/higher-education-reopening-buildings-and-campuses" style="color:rgb(48, 4, 234);">opening low-density buildings first</a>&nbsp;to reduce risks.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Moreover, the government has made social distancing mandatory in all buildings. Occupants should always be able to&nbsp;<a href="https://www.gov.uk/government/publications/covid-19-guidance-for-the-safe-use-of-multi-purpose-community-facilities/covid-19-guidance-for-the-safe-use-of-multi-purpose-community-facilities" style="color:rgb(48, 4, 234);">maintain a 2-meter distance</a>. Along with that, they should use face coverings and practice good hygiene once inside the premises.</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Additionally, businesses and building owners should allow sufficient time and resources for cleaning and disinfecting buildings.&nbsp;<a href="https://www.gov.uk/government/publications/covid-19-guidance-for-the-safe-use-of-multi-purpose-community-facilities/covid-19-guidance-for-the-safe-use-of-multi-purpose-community-facilities" style="color:rgb(48, 4, 234);">Some best practices</a>&nbsp;include-</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Opening doors and windows to improve ventilation</span><br/></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Use of signs encouraging better hygiene</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Providing adequate disinfectants and sanitizers at strategic places</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Proper disposal of PPE and face masks</span></p><h2 style="text-align:left;"><span style="font-size:16px;font-weight:700;font-style:italic;">Asia</span></h2><p style="text-align:left;"><span style="font-size:16px;">Different countries in Asia are taking steps to minimize the transmission of coronavirus once buildings open. RICS has already published a set of guidelines for opening commercial spaces in China that stress social distancing and better hygiene.</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Buildings owners are encouraged to screen visitors at entry to reduce the chances of transmission. Also, RICS&nbsp;<a href="https://www.rics.org/globalassets/rics-website/media/news/covid19/covid19-recovery-guidelines-for-buildings-china-practice.pdf" style="color:rgb(48, 4, 234);">promotes the use of technology</a>&nbsp;to avoid human contact, like using scanning Q.C. codes with smartphones for visitor registration.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Japan, with its few cases of coronavirus, is focusing mainly on air filtration and ventilation. The country has set guidelines to&nbsp;<a href="https://www.cbsnews.com/news/coronavirus-japan-has-long-accepted-covids-airborne-spread-and-scientists-say-ventilation-is-key/"><span style="color:rgb(48, 4, 234);">limit the airborne transmission</span></a>&nbsp;of the virus in its densely populated buildings.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">India has also set a list of guidelines for commercial places. The government encourages building owners to&nbsp;<a href="https://www.mohfw.gov.in/pdf/GuidelinesonpreventivemeasurestocontainspreadofCOVID19inworkplacesettings.pdf" style="color:rgb(48, 4, 234);">mandate social distancing and screen visitors</a>&nbsp;at entry. Property owners will also need to follow thorough disinfectant procedures for offices and commercial spaces.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Other countries in Asia are also following similar guidelines.</span></p><h2 style="text-align:left;"><span style="font-size:16px;font-weight:700;font-style:italic;">Australia</span></h2><p style="text-align:left;"><span style="font-size:16px;">Australia is not far behind to ensure a safe environment for occupants in buildings. The government encourages&nbsp;<a href="https://www.safeworkaustralia.gov.au/sites/default/files/2020-04/building-construction-minimising-the-risk-of-exposure-to-covid-19_0.pdf" style="color:rgb(48, 4, 234);">limiting visitors or workers at the site</a>&nbsp;and mandating physical distance. The use of signs, barriers, and spreading out furniture can also work wonders to deter transmission.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Along with that, building owners or employers should-</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Clean surfaces that experience frequent human contact</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Provide PPE and disinfectants&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Clean and disinfect toilets, lobbies, reception areas, food courts more often</span></p><p style="text-align:left;"><span style="font-size:16px;">●&nbsp;Encourage visitors or employees to wash hands</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Additionally, the government suggests educating visitors and workers about safe practices. People should be discouraged from visiting public spaces if they are sick or have COVID symptoms.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">The Australian government advises building owners to make a plan for reopening after assessing the current situation. They should also take the number of occupants into account to develop prevention and safety strategies.&nbsp;</span></p><p style="text-align:left;"><span style="font-size:16px;"><br/></span></p><p style="text-align:left;"><span style="font-size:16px;">Moreover, the number of occupants has to increase gradually through constant monitoring and evaluation of safety practices.&nbsp;</span></p><h2 style="text-align:left;"><span style="font-size:16px;font-weight:700;font-style:italic;">Final Thoughts</span></h2><h2><span style="font-size:16px;"><p style="text-align:left;">Government-issued guidelines around the world boil down to three main aspects. The first requirement is to check all building systems to ensure they are running fine.</p><p style="text-align:left;"><br/></p></span></h2><p><span style="color:inherit;"><span style="font-size:30px;"></span></span></p><h2></h2><p></p><h2><span style="font-size:16px;"><p style="text-align:left;">The next step is screening visitors and ensuring proper physical distancing. In the end, building owners should ensure adequate disinfection and provide necessary PPE or disinfectants to visitors. Also, don't forget to encourage visitors to practice better hygiene.</p></span></h2></div>
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